Standex International Corporation $SXI Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. sold 43,688 shares of Standex International, reducing its ownership by 23.9% to approximately 139,427 shares worth $22.5 million.
• Several hedge funds increased their stakes in Standex International, with Whipplewood Advisors lifting theirs by an impressive 965.0%, indicating growing interest in the company.
• Standex International announced a quarterly dividend of $0.32 to be paid on August 22nd, representing an annual yield of 0.6% and a payout ratio of 27.59%.

Fuller & Thaler Asset Management Inc. reduced its stake in shares of Standex International Corporation (NYSE:SXI - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,427 shares of the industrial products company's stock after selling 43,688 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.15% of Standex International worth $22,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SXI. Raymond James Financial Inc. increased its position in shares of Standex International by 131.1% in the first quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company's stock valued at $22,528,000 after buying an additional 79,181 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after buying an additional 46,869 shares during the last quarter. GAMMA Investing LLC boosted its stake in Standex International by 16,968.6% during the first quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company's stock worth $5,261,000 after buying an additional 32,410 shares during the last quarter. Nuveen LLC acquired a new position in Standex International during the first quarter worth $4,595,000. Finally, Invesco Ltd. lifted its stake in shares of Standex International by 30.2% in the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock valued at $11,934,000 after purchasing an additional 17,139 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXI has been the topic of several recent analyst reports. DA Davidson upped their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Roth Capital reiterated a "buy" rating and issued a $205.00 price objective (up previously from $175.00) on shares of Standex International in a report 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 report on Tuesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $223.50.

Standex International Stock Up 4.7%

Shares of SXI traded up $9.4860 during mid-day trading on Friday, reaching $210.7960. The company's stock had a trading volume of 130,993 shares, compared to its average volume of 140,856. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.65. The stock has a market cap of $2.54 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The company's 50 day moving average is $172.55 and its 200 day moving average is $165.23.

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

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International's dividend payout ratio (DPR) is currently 27.59%.

Insider Buying and Selling

In related news, CEO David A. Dunbar sold 16,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the transaction, the chief executive officer owned 115,576 shares in the company, valued at $23,115,200. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Hansen sold 2,992 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director owned 8,439 shares in the company, valued at $1,709,741.40. This represents a 26.17% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

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.