Cerity Partners LLC Has $942,000 Stock Holdings in Standex International Corporation (NYSE:SXI)

Cerity Partners LLC lowered its stake in Standex International Corporation (NYSE:SXI - Free Report) by 23.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,837 shares of the industrial products company's stock after selling 1,746 shares during the period. Cerity Partners LLC's holdings in Standex International were worth $942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SXI. Wasatch Advisors LP lifted its position in shares of Standex International by 14.0% in the fourth 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 during the last quarter. Ameriprise Financial Inc. increased its stake 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 worth $64,817,000 after purchasing an additional 46,869 shares during the period. Norges Bank bought a new position in shares of Standex International in the fourth quarter worth about $7,122,000. 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 purchasing an additional 32,410 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock worth $14,965,000 after purchasing an additional 31,560 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Analyst Upgrades and Downgrades

SXI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. DA Davidson lowered their price target on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Roth Capital upgraded Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $223.33.

Standex International Price Performance

NYSE SXI traded up $2.77 during trading on Friday, reaching $165.97. 51,807 shares of the company traded hands, compared to its average volume of 111,986. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40. The stock's 50 day moving average price is $156.96 and its two-hundred day moving average price is $164.88. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 2.09 and a beta of 1.06. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. As a group, analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, August 8th. Standex International's payout ratio is currently 25.30%.

Insider Activity at Standex International

In other news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director directly owned 5,259 shares of the company's stock, valued at $821,087.67. The trade was a 6.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Standex International Company 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.