2 weeks Ago By ABMN Staff
Bank of Montreal Can lifted its position in shares of Standex International Co. ( NYSE:SXI – Free Report ) by 11.5% during the fourth quarter, Holdings Channel reports.
The firm owned 1,851 shares of the industrial products company’s stock after acquiring an additional 191 shares during the quarter. Bank of Montreal Can’s holdings in Standex International were worth $346,000 as of its most recent filing with the SEC. Other hedge funds have also recently added to or reduced their stakes in the company.
Versant Capital Management Inc raised its holdings in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after buying an additional 64 shares during the last quarter.
Maryland State Retirement & Pension System lifted its position in shares of Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 66 shares during the last quarter.
Louisiana State Employees Retirement System lifted its stake in Standex International by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company’s stock valued at $1,085,000 after buying an additional 100 shares during the last quarter.
State of Alaska Department of Revenue raised its stake in Standex International by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock valued at $1,283,000 after acquiring an additional 100 shares in the last quarter.
Finally, Oregon Public Employees Retirement Fund lifted its holdings in Standex International by 3.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 100 shares during the period.
Hedge funds and other institutional investors own 90.35% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have recently weighed in on SXI shares.
DA Davidson upped their price objective on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.
StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. William Blair reiterated an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th.
Roth Capital raised shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Friday, February 28th.
One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Standex International currently has a consensus rating of “Buy” and a consensus target price of $231.33.
Standex International Stock Up 0.7 % Standex International stock opened at $134.35 on Thursday.
The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.
81. The firm’s fifty day moving average is $164.38 and its 200 day moving average is $182.
51. Standex International Co. has a 12-month low of $128.
85 and a 12-month high of $212.66. The company has a market capitalization of $1.
60 billion, a PE ratio of 29.33, a PEG ratio of 2.63 and a beta of 0.
95. Standex International ( NYSE:SXI – Get Free Report ) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.
91 earnings per share 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%.
As a group, sell-side analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.
Standex International Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend.
This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%.
The ex-dividend date was Friday, February 14th. Standex International’s payout ratio is 27.95%.
Insider Activity at Standex International In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.
00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84.
This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
2.10% of the stock is currently owned by company insiders. Standex International Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standex International Co.
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