Heck Capital Advisors LLC Acquires Shares of 7,154 Standex International Corporation $SXI

Key Points

• Heck Capital Advisors LLC acquired 7,154 shares of Standex International, valuing approximately $1,119,000, which accounts for 0.06% of the company's stock.
• CEO David A. Dunbar sold 11,000 shares of stock for $2,365,000, resulting in an 8.27% decrease in his ownership of Standex International.
• Research analysts project a positive outlook for Standex International, with multiple price target increases, including a boost from DA Davidson to $219.00 and from Roth Capital to $205.00.

Heck Capital Advisors LLC acquired a new position in shares of Standex International Corporation (NYSE:SXI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,154 shares of the industrial products company's stock, valued at approximately $1,119,000. Heck Capital Advisors LLC owned 0.06% of Standex International as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Standex International by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock valued at $10,361,000 after purchasing an additional 1,003 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Standex International by 1.0% during the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock worth $95,309,000 after acquiring an additional 6,121 shares during the period. Invesco Ltd. increased its holdings in Standex International by 30.2% in the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock worth $11,934,000 after buying an additional 17,139 shares during the period. Fifth Third Bancorp raised its holdings in shares of Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after purchasing an additional 157 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Standex International by 16,968.6% in 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. 90.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David A. Dunbar sold 11,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $215.00, for a total value of $2,365,000.00. Following the transaction, the chief executive officer directly owned 121,973 shares of the company's stock, valued at approximately $26,224,195. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas J. Hansen sold 2,992 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director owned 8,439 shares in the company, valued at $1,709,741.40. The trade was a 26.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,992 shares of company stock valued at $6,171,179 in the last ninety days. Insiders own 2.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. DA Davidson boosted their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Roth Capital reaffirmed a "buy" rating and set a $205.00 target price (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Standex International in a report on Saturday, September 27th. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Barrington Research reissued an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $223.50.

Standex International Stock Down 0.2%

SXI opened at $214.47 on Monday. The company has a market cap of $2.59 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 2.72 and a beta of 1.15. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $218.62. The company has a 50-day moving average price of $200.62 and a 200 day moving average price of $169.79. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results 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. The business had revenue of $222.05 million during the quarter, compared to analysts' expectations of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Sell-side analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Standex International's payout ratio is 27.59%.

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.

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