Standex International Co. (NYSE:SXI) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,500 shares of the industrial products company's stock after purchasing an additional 15,600 shares during the period. Handelsbanken Fonder AB owned about 1.21% of Standex International worth $23,159,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Maryland State Retirement & Pension System grew its stake in shares of Standex International by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock worth $761,000 after buying an additional 66 shares during the last quarter. Versant Capital Management Inc lifted its position in 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 acquiring an additional 78 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Standex International by 6.8% during the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 90 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in Standex International by 3.4% during the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 99 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Standex International by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Buying and Selling

In other news, Director Barbara Joanne Edwards sold 355 shares of the business's 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 sale, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Standex International Price Performance

Shares of Standex International stock traded down $2.87 during trading on Friday, reaching $152.95. 79,152 shares of the stock traded hands, compared to its average volume of 58,527. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 2.63 and a beta of 1.07. The business has a fifty day simple moving average of $148.02 and a two-hundred day simple moving average of $172.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. Sell-side analysts expect that Standex International Co. will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio (DPR) is 25.30%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Roth Capital upgraded Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. 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 report on Tuesday, May 6th. Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Friday, May 2nd. Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, William Blair reissued an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus price target of $223.33.

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.