Standex International Co. (NYSE:SXI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Standex International Co. (NYSE:SXI) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,942 shares of the industrial products company’s stock after selling 12,536 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.31% of Standex International worth $6,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Standex International by 24.6% in the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after purchasing an additional 90,770 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Standex International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock valued at $56,345,000 after purchasing an additional 9,119 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after purchasing an additional 3,844 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Standex International by 32.3% in the 3rd quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock valued at $8,616,000 after purchasing an additional 11,516 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SXI shares. DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Benchmark increased their target price on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Monday, February 3rd. Finally, StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Standex International Price Performance

SXI opened at $187.97 on Thursday. The stock’s 50-day moving average price is $189.93 and its 200 day moving average price is $186.16. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.65 and a beta of 1.06.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, sell-side analysts expect that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.