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 position in shares of Standex International Corporation (NYSE:SXI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,115 shares of the industrial products company's stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company's stock worth $1,118,000 after buying an additional 308 shares during the last quarter. Anchor Capital Management Company LLC purchased a new position in Standex International during the 1st quarter worth $9,102,000. AQR Capital Management LLC grew its stake in Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock worth $851,000 after buying an additional 634 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Standex International by 4.9% during the 1st quarter. Advisors Asset Management Inc. now owns 13,514 shares of the industrial products company's stock worth $2,181,000 after buying an additional 628 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Standex International by 110.7% during the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company's stock worth $7,263,000 after buying an additional 23,643 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SXI. Barrington Research restated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Roth Capital reaffirmed a "buy" rating and set a $205.00 price target (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. Finally, DA Davidson lifted their price target on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Five research 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 an average target price of $223.50.

Insider Activity

In other news, Director Thomas J. Hansen sold 2,992 shares of the business's 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 completion of the transaction, the director 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 filing with the SEC, which is available through the SEC website. Also, CEO David A. Dunbar sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares of the company's stock, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.52% of the company's stock.

Standex International Stock Performance

Shares of SXI stock traded up $10.11 on Thursday, hitting $214.86. The company had a trading volume of 112,455 shares, compared to its average volume of 84,796. The firm has a market cap of $2.60 billion, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. The company has a 50-day moving average price of $189.93 and a 200-day moving average price of $167.69. 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 Corporation has a twelve month low of $128.85 and a twelve month high of $215.77.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data 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 business 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 company's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Standex International's payout ratio is 27.59%.

About Standex International

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.