Dimensional Fund Advisors LP Has $79.66 Million Position in Standex International Co. (NYSE:SXI)

Dimensional Fund Advisors LP cut its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,013 shares of the industrial products company's stock after selling 8,653 shares during the quarter. Dimensional Fund Advisors LP owned 3.58% of Standex International worth $79,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SXI. Versant Capital Management Inc increased its stake in Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares during the period. Smartleaf Asset Management LLC increased 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 worth $96,000 after purchasing an additional 330 shares during the period. KBC Group NV raised its stake in Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock worth $173,000 after purchasing an additional 500 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Standex International during the fourth quarter worth about $201,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Price Performance

Shares of NYSE:SXI traded up $0.98 during trading on Monday, hitting $160.03. 30,280 shares of the company were exchanged, compared to its average volume of 55,961. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66. The company has a market capitalization of $1.90 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. 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 business's 50 day moving average is $158.04 and its 200-day moving average is $180.80.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $203.71 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.80%. Standex International's dividend payout ratio is presently 25.30%.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company's stock, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SXI. Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday. DA Davidson lifted their price target on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $231.33.

Standex International Company 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.