Principal Securities Inc. Purchases 145 Shares of Standex International Co. (NYSE:SXI)

Principal Securities Inc. raised its position in shares of Standex International Co. (NYSE:SXI) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,109 shares of the industrial products company’s stock after purchasing an additional 145 shares during the period. Principal Securities Inc.’s holdings in Standex International were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Creative Planning raised its holdings in shares of Standex International by 27.8% in the third quarter. Creative Planning now owns 2,744 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 597 shares in the last quarter. Raymond James & Associates raised its holdings 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 in the last quarter. International Assets Investment Management LLC lifted its position in shares of Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 909 shares during the period. US Bancorp DE boosted its stake in shares of Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Standex International by 114.5% during the third quarter. Harbor Capital Advisors Inc. now owns 11,227 shares of the industrial products company’s stock valued at $2,052,000 after buying an additional 5,994 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Standex International Stock Performance

Shares of SXI stock opened at $188.17 on Tuesday. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The business’s fifty day simple moving average is $188.97 and its 200-day simple moving average is $186.68. 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 company has a market cap of $2.24 billion, a PE ratio of 41.08, a PEG ratio of 2.63 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Analysts expect that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 (DPR) is presently 27.95%.

Analyst Ratings Changes

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

Standex International Company Profile

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.