Ameriprise Financial Inc. Has $64.82 Million Stake in Standex International Co. (NYSE:SXI)

Ameriprise Financial Inc. grew its holdings in Standex International Co. (NYSE:SXI - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 346,635 shares of the industrial products company's stock after purchasing an additional 46,869 shares during the quarter. Ameriprise Financial Inc. owned about 2.91% of Standex International worth $64,817,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP increased its position in Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock worth $98,066,000 after buying an additional 64,373 shares during the period. Raymond James Financial Inc. acquired a new position in Standex International during the 4th quarter valued at $11,296,000. Bryn Mawr Capital Management LLC acquired a new stake in Standex International in the 4th quarter worth $8,080,000. Norges Bank bought a new position in shares of Standex International during the 4th quarter worth about $7,122,000. Finally, JPMorgan Chase & Co. raised its position in shares of Standex International by 65.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after buying an additional 31,560 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction dated 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 owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Capital upgraded Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. William Blair restated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson reduced their price objective on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Barrington Research reiterated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $223.33.

Standex International Stock Up 0.3 %

Shares of NYSE:SXI opened at $153.98 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 33.62, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The company's fifty day moving average is $155.20 and its 200-day moving average is $180.00. Standex International Co. has a 52 week low of $128.85 and a 52 week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. Equities research analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.83%. Standex International's payout ratio is 25.30%.

Standex International 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.

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