Standex International Corporation (NYSE:SXI) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in shares of Standex International Corporation (NYSE:SXI - Free Report) by 2.7% during the first quarter, according to its most recent disclosure 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 approximately 1.6% of Copeland Capital Management LLC's holdings, making the stock its 10th largest holding. Copeland Capital Management LLC owned 4.25% of Standex International worth $81,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SXI. Whipplewood Advisors LLC lifted its stake in shares of Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after buying an additional 193 shares during the period. Versant Capital Management Inc boosted its position in shares of Standex International by 25.9% during 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 330 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Standex International by 25.2% during 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 in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Standex International during the fourth quarter valued at approximately $201,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Price Performance

Shares of NYSE:SXI traded up $2.24 during trading on Friday, reaching $159.35. The stock had a trading volume of 159,006 shares, compared to its average volume of 62,996. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.66. The business's 50-day moving average price is $151.45 and its 200 day moving average price is $168.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56. The stock has a market capitalization of $1.92 billion, a PE ratio of 31.49, a P/E/G ratio of 2.31 and a beta of 1.07.

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

Standex International Announces Dividend

The company 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 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio is 25.30%.

Insider Activity

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director now owns 5,259 shares of the company's stock, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

SXI has been the subject of a number of recent research reports. William Blair reissued an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. DA Davidson reduced 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 note on Tuesday, May 6th. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company 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.