CenterBook Partners LP Makes New $2.05 Million Investment in Standex International Corporation (NYSE:SXI)

CenterBook Partners LP bought a new stake in shares of Standex International Corporation (NYSE:SXI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wasatch Advisors LP grew its holdings in Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock worth $98,066,000 after buying an additional 64,373 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Standex International in the fourth quarter valued at $11,296,000. Ameriprise Financial Inc. lifted its holdings in shares of Standex International by 15.6% in the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock valued at $64,817,000 after purchasing an additional 46,869 shares in the last quarter. Norges Bank acquired a new position in shares of Standex International in the fourth quarter worth $7,122,000. Finally, GAMMA Investing LLC increased its stake in shares of Standex International by 16,968.6% in the first quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company's stock worth $5,261,000 after acquiring an additional 32,410 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Insider Activity

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 value of $55,426.15. Following the completion of the transaction, the director owned 5,259 shares in the company, valued at $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. DA Davidson lowered their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Barrington Research reissued an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Friday, May 2nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Standex International has a consensus rating of "Buy" and a consensus price target of $223.33.

Standex International Stock Performance

SXI stock traded up $0.58 during trading on Friday, reaching $156.84. 92,020 shares of the stock were exchanged, compared to its average volume of 66,877. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $212.66. The company has a market capitalization of $1.89 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The stock has a 50 day simple moving average of $156.56 and a 200-day simple moving average of $165.79. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84.

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. The firm had revenue of $207.78 million during the quarter, compared to analysts' expectations of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. As a group, sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is currently 25.30%.

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.