Champlain Investment Partners LLC Buys 6,121 Shares of Standex International Corporation $SXI

Key Points

• Champlain Investment Partners LLC increased its stake in Standex International Corporation by 1.0% during the 1st quarter, now owning 590,551 shares valued at approximately $95.3 million.
• CEO David A. Dunbar sold 16,000 shares for about $3.2 million, reducing his ownership stake by 12.16% to 115,576 shares.
• The company reported strong quarterly earnings, with an EPS of $2.28, surpassing estimates, and a revenue increase of 23.2% year-over-year, totaling $222.05 million.

Champlain Investment Partners LLC raised its position in Standex International Corporation (NYSE:SXI - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 590,551 shares of the industrial products company's stock after acquiring an additional 6,121 shares during the period. Champlain Investment Partners LLC owned about 4.89% of Standex International worth $95,309,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its holdings 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 in the last quarter. Whittier Trust Co. grew its stake in shares of 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 purchasing an additional 69 shares during the period. TD Private Client Wealth LLC grew its stake in shares of 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 purchasing an additional 76 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 78 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Price Performance

NYSE SXI traded down $5.88 during trading hours on Monday, reaching $204.16. 139,283 shares of the company's stock were exchanged, compared to its average volume of 126,769. The stock has a market cap 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. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The firm has a fifty day moving average of $177.87 and a 200-day moving average of $165.61. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.32 dividend. 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 (DPR) is 27.59%.

Insider Buying and Selling at Standex International

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

Analyst Ratings Changes

Several research firms have recently weighed in on SXI. Roth Capital reiterated a "buy" rating and issued a $205.00 price objective (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 note on Monday, August 4th. Finally, Barrington Research reiterated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $223.50.

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.