Brown Advisory Inc. Lowers Stake in Standex International Corporation (NYSE:SXI)

Brown Advisory Inc. reduced its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,547 shares of the industrial products company's stock after selling 2,520 shares during the period. Brown Advisory Inc. owned 0.09% of Standex International worth $1,702,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its position in Standex International by 29.9% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 76 shares during the period. Envestnet Asset Management Inc. raised its holdings in Standex International by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 108,476 shares of the industrial products company's stock worth $17,507,000 after buying an additional 7,010 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Standex International by 1.6% in the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock worth $10,361,000 after buying an additional 1,003 shares during the last quarter. Diversified Trust Co raised its holdings in Standex International by 6.0% in the first quarter. Diversified Trust Co now owns 6,222 shares of the industrial products company's stock worth $1,004,000 after buying an additional 350 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Standex International by 5.2% in the first quarter. Bessemer Group Inc. now owns 12,246 shares of the industrial products company's stock worth $1,977,000 after buying an additional 602 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Stock Performance

Shares of SXI stock traded down $3.61 during trading hours on Friday, reaching $163.04. The company had a trading volume of 73,430 shares, compared to its average volume of 65,136. The business has a fifty day moving average price of $156.33 and a 200-day moving average price of $166.73. Standex International Corporation has a one year low of $128.85 and a one year high of $212.66. The firm has a market cap of $1.97 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40.

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, topping analysts' consensus estimates of $1.92 by $0.03. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The firm had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. During the same period in the previous year, the business posted $1.75 earnings per share. The business's revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given 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 yield of 0.79%. Standex International's dividend payout ratio (DPR) is 25.30%.

Insider Transactions at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the business'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 transaction 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. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SXI. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. 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. DA Davidson decreased 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. Finally, Roth Capital raised shares of 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $223.33.

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.