Heck Capital Advisors LLC Invests $1.33 Million in Standex International Co. (NYSE:SXI)

Heck Capital Advisors LLC purchased a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,126 shares of the industrial products company's stock, valued at approximately $1,333,000. Heck Capital Advisors LLC owned about 0.06% of Standex International at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SXI. Barclays PLC raised its position in Standex International by 80.7% in the 3rd quarter. Barclays PLC now owns 22,752 shares of the industrial products company's stock valued at $4,157,000 after purchasing an additional 10,159 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Standex International in the fourth quarter valued at approximately $235,000. apricus wealth LLC purchased a new position in shares of Standex International in the 4th quarter valued at approximately $299,000. KBC Group NV lifted its stake in shares of Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after acquiring an additional 172 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of Standex International during the 4th quarter worth approximately $285,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of research analyst reports. DA Davidson decreased their price objective on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $223.33.

Insider Buying and Selling

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 transaction of $55,426.15. Following the sale, the director now directly owns 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.10% of the company's stock.

Standex International Stock Down 2.1%

NYSE SXI traded down $3.17 during mid-day trading on Friday, reaching $150.88. 15,068 shares of the company's stock traded hands, compared to its average volume of 57,252. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a fifty day simple moving average of $148.53 and a 200-day simple moving average of $176.55. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66.

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

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's payout ratio is 25.30%.

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.