2,115 Shares in Standex International Corporation $SXI Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd purchased 2,115 shares of Standex International Corporation, valued at approximately $341,000, marking a new investment in the company.
• The company recently reported quarterly earnings that exceeded analysts' expectations, with an EPS of $2.28 and revenue of $222.05 million, reflecting a 23.2% increase year-over-year.
• Standex International announced a quarterly dividend of $0.32 per share, representing a 0.6% yield and a payout ratio of 27.59%.

Dynamic Technology Lab Private Ltd bought a new stake in Standex International Corporation (NYSE:SXI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,115 shares of the industrial products company's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SXI. Baird Financial Group Inc. lifted its holdings in Standex International by 4.5% in the fourth quarter. Baird Financial Group Inc. now owns 2,299 shares of the industrial products company's stock valued at $430,000 after acquiring an additional 100 shares during the period. Cetera Investment Advisers lifted its holdings 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. Deutsche Bank AG lifted its holdings in Standex International by 46.5% in the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock valued at $1,938,000 after acquiring an additional 3,289 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Standex International by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,620 shares of the industrial products company's stock valued at $1,238,000 after acquiring an additional 262 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Standex International by 4.1% in the fourth quarter. Two Sigma Investments LP now owns 2,545 shares of the industrial products company's stock valued at $476,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Trading Down 2.0%

Shares of SXI stock opened at $204.37 on Friday. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The stock has a market cap of $2.47 billion, a P/E ratio of 44.04, a P/E/G ratio of 2.66 and a beta of 1.12. The business has a fifty day simple moving average of $186.41 and a 200-day simple moving average of $167.00. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. The firm had revenue of $222.05 million during 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 quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. On average, analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International's dividend payout ratio (DPR) is currently 27.59%.

Insider Transactions at Standex International

In related news, CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief executive officer owned 115,576 shares in the company, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of Standex International stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Roth Capital reissued a "buy" rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. DA Davidson raised their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus target price of $223.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.