Truist Financial Corp Has $1.05 Million Stock Holdings in Standex International Co. (NYSE:SXI)

Truist Financial Corp increased its stake in shares of Standex International Co. (NYSE:SXI) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,624 shares of the industrial products company’s stock after purchasing an additional 541 shares during the quarter. Truist Financial Corp’s holdings in Standex International were worth $1,052,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Standex International during the 3rd quarter worth approximately $44,000. Versant Capital Management Inc increased its position in Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares in the last quarter. KBC Group NV increased its position in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 172 shares in the last quarter. US Bancorp DE increased its position in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Standex International by 18,180.0% during 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 in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. DA Davidson upped their price target on shares of 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 restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Friday. Finally, StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Standex International Trading Up 0.8 %

NYSE:SXI opened at $185.60 on Friday. The firm’s fifty day moving average is $188.40 and its 200-day moving average is $186.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.65. The firm has a market cap of $2.21 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.63 and a beta of 1.06.

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

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

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.