Barrow Hanley Mewhinney & Strauss LLC Decreases Position in Standex International Co. (NYSE:SXI)

Barrow Hanley Mewhinney & Strauss LLC cut its position in Standex International Co. (NYSE:SXI - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 239,475 shares of the industrial products company's stock after selling 10,291 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.01% of Standex International worth $44,779,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Maryland State Retirement & Pension System raised its holdings in shares of Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after purchasing an additional 66 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in shares of Standex International by 3.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 99 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Standex International by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Standex International by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 100 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SXI shares. Barrington Research reissued an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. William Blair reaffirmed an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. DA Davidson reduced their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus target price of $223.33.

Insiders Place Their Bets

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director now directly owns 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company's stock.

Standex International Stock Down 3.3%

Shares of SXI stock opened at $146.96 on Friday. Standex International Co. has a 12 month low of $128.85 and a 12 month high of $212.66. The stock has a market cap of $1.77 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $150.44 and a two-hundred day simple moving average of $178.41.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share 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 analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The company's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. On average, research analysts expect that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.32 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.87%. Standex International's payout ratio is currently 25.30%.

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.

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