California State Teachers Retirement System Increases Stock Position in Standex International Corporation $SXI

California State Teachers Retirement System grew its stake in Standex International Corporation (NYSE:SXI - Free Report) by 33,144.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,855,013 shares of the industrial products company's stock after acquiring an additional 4,840,409 shares during the period. California State Teachers Retirement System owned about 40.06% of Standex International worth $1,736,492,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SXI. Royal Bank of Canada raised its position in Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company's stock valued at $7,263,000 after purchasing an additional 23,643 shares during the period. AQR Capital Management LLC grew its stake in shares of Standex International by 13.7% in the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock valued at $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Standex International by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company's stock valued at $1,118,000 after buying an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Standex International by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock valued at $6,474,000 after buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC lifted its stake in Standex International by 902.1% during the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after acquiring an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Price Performance

SXI stock opened at $268.70 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $304.48 and a 200 day moving average price of $285.54. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.98 and a beta of 1.04. Standex International Corporation has a fifty-two week low of $199.80 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. The firm had revenue of $228.25 million during the quarter, compared to analysts' expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. Standex International's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. Equities research analysts anticipate that Standex International Corporation will post 9.96 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, August 21st. Stockholders of record on Friday, August 7th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International's dividend payout ratio is presently 15.69%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson restated a "buy" rating and set a $350.00 target price on shares of Standex International in a report on Thursday, August 20th. Weiss Ratings raised shares of Standex International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, September 3rd. Finally, Zacks Research raised shares of Standex International from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $298.67.

Insider Buying and Selling at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $290.82, for a total value of $3,780,660.00. Following the transaction, the chief executive officer owned 75,973 shares of the company's stock, valued at approximately $22,094,467.86. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,150 shares of company stock worth $3,827,958 in the last three months. 2.52% of the stock is currently owned by corporate insiders.

Standex International Profile

Standex International Corporation NYSE: SXI is a diversified industrial manufacturer that designs and produces specialized products for a range of industrial, commercial and consumer applications. The company serves customers through businesses focused on electronics, engraving, hydraulics, food service equipment and other engineered products.

Its electronics operations manufacture components and systems such as magnetic products, transformers, sensors, switches and other power and electronic technologies.

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