Bank of New York Mellon Corp Sells 3,952 Shares of Standex International Corporation (NYSE:SXI)

Bank of New York Mellon Corp decreased its position in shares of Standex International Corporation (NYSE:SXI - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,227 shares of the industrial products company's stock after selling 3,952 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of Standex International worth $15,691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Standex International by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock worth $10,361,000 after purchasing an additional 1,003 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after purchasing an additional 31,560 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Standex International by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock worth $727,000 after buying an additional 168 shares during the period. Deutsche Bank AG grew its holdings 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 in the last quarter. Finally, First Trust Advisors LP raised its position in Standex International by 16.8% in the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock valued at $2,172,000 after buying an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.

Insider Transactions at Standex International

In other news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director directly owned 5,259 shares of the company's stock, valued at $821,087.67. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. DA Davidson lowered their price objective on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. Finally, Roth Capital upgraded Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Standex International has an average rating of "Buy" and a consensus target price of $223.33.

Standex International Price Performance

SXI stock opened at $156.84 on Friday. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $212.66. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.01 and a beta of 1.06. The company has a 50 day simple moving average of $156.56 and a 200 day simple moving average of $165.65.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to analysts' expectations of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The business's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share. Research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio is currently 25.30%.

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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