Standex International Co. (NYSE:SXI) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Standex International Co. (NYSE:SXI - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,241 shares of the industrial products company's stock after purchasing an additional 5,489 shares during the period. Barclays PLC owned about 0.24% of Standex International worth $5,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Standex International by 65.1% in the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after acquiring an additional 31,560 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 330 shares during the period. Versant Capital Management Inc increased its stake in shares of Standex International by 27.0% during the fourth 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. Contravisory Investment Management Inc. acquired a new position in shares of Standex International during the 4th quarter worth about $263,000. Finally, apricus wealth LLC purchased a new position in Standex International in the 4th quarter valued at about $299,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SXI. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson boosted their price target on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Roth Capital upgraded Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a report on Friday. Finally, William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Standex International has an average rating of "Buy" and an average price target of $231.33.

Insider Activity

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm'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 of the company's stock, valued at $3,143,847.84. This trade 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 is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

Standex International Trading Up 7.5 %

NYSE:SXI traded up $10.88 during trading hours on Friday, hitting $155.73. The company had a trading volume of 6,201 shares, compared to its average volume of 55,790. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $158.65 and a 200 day moving average of $180.96. The company has a market cap of $1.85 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.63 and a beta of 0.95. Standex International Co. has a 1 year low of $128.85 and a 1 year high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. During the same quarter in the previous year, the company posted $1.75 EPS. The company's revenue was up 17.2% compared to the same quarter last year. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%. Standex International's dividend payout ratio is currently 27.95%.

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.