CenterBook Partners LP Makes New Investment in Standex International Corporation (NYSE:SXI)

CenterBook Partners LP bought a new stake in Standex International Corporation (NYSE:SXI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,678 shares of the industrial products company's stock, valued at approximately $2,046,000. CenterBook Partners LP owned about 0.11% of Standex International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC increased its position in Standex International by 965.0% in 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 period. Whittier Trust Co. increased its position in Standex International by 46.3% in 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 period. TD Private Client Wealth LLC increased its position 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 valued at $53,000 after acquiring an additional 76 shares during the period. Versant Capital Management Inc increased its position in Standex International by 25.9% in 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 period. Finally, Fifth Third Bancorp increased its position in Standex International by 25.2% in 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 period. 90.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the transaction, the director owned 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

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

Standex International Price Performance

Shares of SXI traded up $2.54 on Thursday, reaching $156.71. The stock had a trading volume of 127,841 shares, compared to its average volume of 66,799. The firm has a market capitalization of $1.89 billion, a PE ratio of 30.97, a PEG ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $156.44 and a 200 day moving average of $166.21. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million for 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 company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Sell-side analysts expect that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is presently 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.