Campbell & CO Investment Adviser LLC Takes Position 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 acquired a new stake in shares of Standex International Corporation (NYSE:SXI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,680 shares of the industrial products company's stock, valued at approximately $1,562,000. Campbell & CO Investment Adviser LLC owned about 0.08% of Standex International as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its position 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 valued at $34,000 after acquiring an additional 193 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of 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 last quarter. Versant Capital Management Inc lifted its position in shares of Standex International by 25.9% during the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 78 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Standex International by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Stock Down 2.8%

Shares of NYSE SXI traded down $5.88 during mid-day trading on Friday, reaching $204.16. The company had a trading volume of 139,283 shares, compared to its average volume of 126,769. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $212.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The stock has a market capitalization of $2.46 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 2.60 and a beta of 1.12. The stock's 50 day moving average is $177.87 and its 200-day moving average is $165.61.

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

Standex International Dividend Announcement

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

Analysts Set New Price Targets

SXI has been the subject of a number of recent research reports. Barrington Research reiterated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. DA Davidson increased their target price on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Roth Capital restated a "buy" rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $223.50.

Insiders Place Their Bets

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director directly owned 8,439 shares of the company's stock, valued at $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

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.