Brown Advisory Inc. Sells 2,520 Shares of Standex International Corporation (NYSE:SXI)

Brown Advisory Inc. lowered its position in shares of Standex International Corporation (NYSE:SXI - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,547 shares of the industrial products company's stock after selling 2,520 shares during the quarter. Brown Advisory Inc. owned 0.09% of Standex International worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SXI. Whipplewood Advisors LLC boosted its stake in shares of Standex International by 965.0% during the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after acquiring an additional 193 shares in the last quarter. TD Private Client Wealth LLC increased its stake 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 in the last quarter. Versant Capital Management Inc raised its holdings in Standex International by 25.9% during the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after buying an additional 78 shares during the period. Fifth Third Bancorp lifted its stake in Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after buying an additional 157 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Standex International in the fourth quarter worth approximately $203,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction 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 sale, the director directly owned 5,259 shares in the company, valued at approximately $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company's stock.

Standex International Stock Down 2.5%

SXI stock traded down $3.88 during mid-day trading on Wednesday, hitting $154.01. The stock had a trading volume of 173,578 shares, compared to its average volume of 66,474. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $212.66. The company has a fifty day moving average of $156.41 and a 200 day moving average of $166.30. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.07 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.39% and a net margin of 8.09%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.75 EPS. On average, equities analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. Standex International's dividend payout ratio (DPR) is 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.