OMERS ADMINISTRATION Corp Invests $323,000 in Standex International Corporation $SXI

Key Points

• OMERS ADMINISTRATION Corp purchased 2,000 shares of Standex International Corporation valued at approximately $323,000 during the first quarter.
• Standex International reported quarterly earnings of $2.28 EPS, exceeding analysts' expectations and marking a 23.2% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.32 per share, reflecting a 0.6% annual yield and a 27.59% payout ratio.

OMERS ADMINISTRATION Corp bought a new stake in Standex International Corporation (NYSE:SXI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the industrial products company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Standex International by 1.6% in the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock valued at $10,361,000 after acquiring an additional 1,003 shares during the period. Champlain Investment Partners LLC boosted its stake in Standex International by 1.0% in the first quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock valued at $95,309,000 after acquiring an additional 6,121 shares during the period. Invesco Ltd. boosted its stake in Standex International by 30.2% in the first quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock valued at $11,934,000 after acquiring an additional 17,139 shares during the period. Cetera Investment Advisers boosted its stake in Standex International by 4.5% in the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 168 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Standex International by 46.5% during the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock worth $1,938,000 after buying an additional 3,289 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the sale, the director directly owned 8,439 shares of the company's stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David A. Dunbar sold 16,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Standex International Price Performance

Shares of NYSE SXI traded down $6.90 during trading on Tuesday, hitting $198.41. The company had a trading volume of 19,950 shares, compared to its average volume of 90,930. The company has a market cap of $2.39 billion, a P/E ratio of 42.77, a PEG ratio of 2.67 and a beta of 1.12. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.65. The business's 50-day moving average is $183.43 and its 200 day moving average is $166.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm's revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share. Equities research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Standex International's payout ratio is 27.59%.

Wall Street Analysts Forecast Growth

SXI has been the subject of several analyst reports. Roth Capital reiterated a "buy" rating and set a $205.00 price objective (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. DA Davidson boosted their price objective on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Barrington Research reiterated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $223.50.

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.