Campbell & CO Investment Adviser LLC Invests $1.56 Million in Standex International Corporation $SXI

Key Points

• Campbell & CO Investment Adviser LLC has invested approximately $1.56 million in Standex International Corporation, acquiring 9,680 shares, which represents about 0.08% of the company's stock.
• Insider transactions included CEO David A. Dunbar selling 16,000 shares at $200 each, reducing his ownership by 12.16% and highlighting significant financial movements within the company.
• Standex International recently declared a quarterly dividend of $0.32 per share, translating to an annualized dividend of $1.28 and a dividend yield of 0.6%.

Campbell & CO Investment Adviser LLC purchased a new position in Standex International Corporation (NYSE:SXI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,680 shares of the industrial products company's stock, valued at approximately $1,562,000. Campbell & CO Investment Adviser LLC owned approximately 0.08% of Standex International as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after purchasing an additional 46,869 shares in the last quarter. Northern Trust Corp boosted its position in shares of Standex International by 2.1% in the 1st quarter. Northern Trust Corp now owns 209,316 shares of the industrial products company's stock worth $33,782,000 after purchasing an additional 4,389 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Standex International by 12.2% in the 1st quarter. Handelsbanken Fonder AB now owns 143,500 shares of the industrial products company's stock worth $23,159,000 after purchasing an additional 15,600 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Standex International by 131.1% in the 1st quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company's stock worth $22,528,000 after purchasing an additional 79,181 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Standex International by 6.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 108,476 shares of the industrial products company's stock worth $17,507,000 after purchasing an additional 7,010 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Standex International

In other news, CEO David A. Dunbar sold 16,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the transaction, the chief executive officer directly owned 115,576 shares of the company's stock, valued at $23,115,200. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 2,992 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the sale, the director owned 8,439 shares of the company's stock, valued at $1,709,741.40. This trade represents a 26.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Standex International Stock Performance

SXI stock opened at $209.5640 on Tuesday. The stock has a market capitalization of $2.53 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.65. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78. The stock's 50 day simple moving average is $173.63 and its 200 day simple moving average is $165.16.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. As a group, research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Standex International's dividend payout ratio is presently 27.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SXI. Roth Capital reissued a "buy" rating and issued a $205.00 price target (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. DA Davidson upped their price objective on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standex International has a consensus rating of "Buy" and a consensus target price of $223.50.

About Standex International

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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