Atria Wealth Solutions Inc. Has $425,000 Stake in Standex International Co. (NYSE:SXI)

Atria Wealth Solutions Inc. cut its holdings in shares of Standex International Co. (NYSE:SXI) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,272 shares of the industrial products company’s stock after selling 58 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Standex International were worth $425,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Standex International by 5.1% in the third 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 boosted its holdings in shares of Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after buying an additional 90,770 shares during the period. Geode Capital Management LLC grew its stake in 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 buying an additional 9,119 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 3,844 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Standex International by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after acquiring an additional 3,224 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

SXI has been the topic of several research reports. DA Davidson upped 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. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Standex International Trading Down 1.4 %

Shares of NYSE:SXI opened at $184.25 on Friday. The business’s 50 day simple moving average is $188.48 and its 200 day simple moving average is $186.81. The company has a market capitalization of $2.19 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. Standex International Co. has a 1 year low of $154.45 and a 1 year high of $212.65.

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

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.69%. Standex International’s payout ratio is 27.95%.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International 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 transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by insiders.

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.