apricus wealth LLC acquired a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,597 shares of the industrial products company's stock, valued at approximately $299,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Standex International by 15.9% in the second quarter. American Century Companies Inc. now owns 19,248 shares of the industrial products company's stock valued at $3,102,000 after acquiring an additional 2,640 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Standex International by 11.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,551 shares of the industrial products company's stock valued at $250,000 after purchasing an additional 157 shares during the period. Intech Investment Management LLC bought a new position in Standex International during the 2nd quarter worth $252,000. Canada Pension Plan Investment Board acquired a new stake in Standex International in the second quarter worth $32,000. Finally, Sei Investments Co. lifted its stake in Standex International by 19.2% in the second quarter. Sei Investments Co. now owns 27,717 shares of the industrial products company's stock valued at $4,467,000 after buying an additional 4,473 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.
Shares of SXI opened at $190.83 on Friday. Standex International Co. has a one year low of $141.90 and a one year high of $212.65. The stock's fifty day moving average is $195.95 and its 200-day moving average is $184.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07.
Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. The firm had revenue of $170.50 million for the quarter, compared to analysts' expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. Standex International's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. Equities analysts anticipate that Standex International Co. will post 7.84 EPS for the current year.
The company also recently announced 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 0.67%. Standex International's dividend payout ratio (DPR) is 20.98%.
In other news, CFO Ademir Sarcevic sold 3,800 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now directly owns 11,431 shares of the company's stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on SXI shares. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th. Benchmark upped their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th.
Get Our Latest Analysis on SXI
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.
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