Bridgeway Capital Management LLC Cuts Stake in Standex International Co. (NYSE:SXI)

Bridgeway Capital Management LLC reduced its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,800 shares of the industrial products company's stock after selling 2,000 shares during the period. Bridgeway Capital Management LLC owned approximately 0.19% of Standex International worth $4,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock valued at $265,283,000 after acquiring an additional 15,518 shares in the last quarter. Champlain Investment Partners LLC raised its stake in Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company's stock valued at $109,283,000 after purchasing an additional 11,774 shares in the last quarter. Wasatch Advisors LP lifted its position in Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after purchasing an additional 64,373 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after buying an additional 46,869 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Standex International by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock worth $59,314,000 after buying an additional 8,923 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SXI. DA Davidson cut their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barrington Research reiterated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. Finally, Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. One 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $223.33.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred 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 sale, the chief financial officer now owns 16,086 shares in the company, 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 filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Standex International Stock Performance

Shares of NYSE SXI traded up $0.49 during trading on Friday, reaching $153.98. 57,474 shares of the company traded hands, compared to its average volume of 56,241. The stock 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 firm has a 50 day simple moving average of $155.20 and a 200-day simple moving average of $180.06. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, May 9th. 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.