American Century Companies Inc. Buys 3,543 Shares of Standex International Corporation $SXI

Key Points

• American Century Companies Inc. increased its stake in Standex International Corporation by 13.2%, owning approximately 30,312 shares valued at $4.89 million.
• Wall Street analysts have given Standex International a consensus rating of "Buy" with an average price target of $223.50, reflecting positive future growth expectations.
• The company reported a 23.2% increase in quarterly revenue compared to the prior year, with earnings per share of $2.28 surpassing estimates.

American Century Companies Inc. increased its stake in Standex International Corporation (NYSE:SXI - Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,312 shares of the industrial products company's stock after purchasing an additional 3,543 shares during the quarter. American Century Companies Inc. owned approximately 0.25% of Standex International worth $4,892,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its holdings in Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after purchasing an additional 193 shares during the period. Whittier Trust Co. raised its holdings in Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC raised its holdings in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc raised its holdings in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after purchasing an additional 78 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after purchasing an additional 157 shares during the period. 90.35% of the stock is owned by institutional investors.

Standex International Price Performance

Shares of SXI stock traded up $0.64 during trading hours on Thursday, hitting $200.13. The stock had a trading volume of 11,928 shares, compared to its average volume of 90,914. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The stock's 50-day moving average price is $180.47 and its two-hundred day moving average price is $166.21. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 43.23, a PEG ratio of 2.60 and a beta of 1.12.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (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 firm had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. During the same period in the previous year, the firm posted $1.76 earnings per share. The business's revenue was up 23.2% compared to the same quarter last year. Equities analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced 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%.

Insider Activity

In other news, 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 directly owned 8,439 shares of the company's stock, valued at approximately $1,709,741.40. The trade was a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $3,200,000.00. Following the completion of the sale, the chief executive officer directly owned 115,576 shares in the company, valued at $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. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

SXI has been the topic of a number of recent analyst reports. Roth Capital reissued a "buy" rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. DA Davidson raised their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Standex International presently has a consensus rating of "Buy" and an average price target 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.