Copeland Capital Management LLC Decreases Stake in Standex International Corporation (NYSE:SXI)

Copeland Capital Management LLC trimmed its stake in Standex International Corporation (NYSE:SXI - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 506,208 shares of the industrial products company's stock after selling 13,807 shares during the quarter. Standex International comprises about 1.6% of Copeland Capital Management LLC's holdings, making the stock its 10th biggest position. Copeland Capital Management LLC owned 4.25% of Standex International worth $81,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock valued at $265,283,000 after buying an additional 15,518 shares during the period. Champlain Investment Partners LLC boosted its holdings in Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company's stock worth $109,283,000 after acquiring an additional 11,774 shares in the last quarter. Wasatch Advisors LP grew its stake in Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after acquiring an additional 64,373 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock valued at $64,817,000 after acquiring an additional 46,869 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Standex International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock valued at $59,314,000 after acquiring an additional 8,923 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were 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 in the company, valued at $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company's stock.

Standex International Stock Up 3.2%

NYSE:SXI traded up $4.94 during trading hours on Tuesday, hitting $161.42. 84,727 shares of the company traded hands, compared to its average volume of 63,351. 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 company has a market cap of $1.95 billion, a PE ratio of 31.90, a PEG ratio of 2.31 and a beta of 1.07. The firm's 50-day simple moving average is $151.96 and its 200-day simple moving average is $168.32. Standex International Corporation has a one year low of $128.85 and a one year high of $212.66.

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

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio (DPR) is currently 25.30%.

Wall Street Analysts Forecast Growth

SXI has been the subject of several research reports. Barrington Research reissued an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. DA Davidson dropped their price objective on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus price target of $223.33.

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.