2,000 Shares in Standex International Corporation $SXI Purchased by OMERS ADMINISTRATION Corp

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

Other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its holdings in Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. boosted its holdings in Standex International by 46.3% during the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Standex International by 29.9% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 78 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after purchasing an additional 157 shares in the last quarter. 90.35% of the stock is 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 company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director owned 8,439 shares of the company's stock, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David A. Dunbar sold 16,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total value of $3,200,000.00. Following the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Standex International Stock Down 1.6%

Shares of SXI opened at $199.44 on Thursday. The company has a market capitalization of $2.41 billion, a P/E ratio of 42.98, a PEG ratio of 2.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The business's 50 day simple moving average is $180.47 and its 200-day simple moving average is $166.21.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. During the same period in the previous year, the business earned $1.76 EPS. Standex International's revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts predict that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SXI shares. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Tuesday, July 29th. Roth Capital reaffirmed a "buy" rating and set a $205.00 price objective (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Finally, DA Davidson boosted their target price on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently 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.

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