Jane Street Group LLC Has $684,000 Holdings in Standex International Co. (NYSE:SXI)

Jane Street Group LLC cut its holdings in Standex International Co. (NYSE:SXI - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,660 shares of the industrial products company's stock after selling 20,589 shares during the quarter. Jane Street Group LLC's holdings in Standex International were worth $684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SXI. Wasatch Advisors LP boosted its stake in Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after acquiring an additional 64,373 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Standex International in the 4th quarter valued at $11,296,000. Bryn Mawr Capital Management LLC acquired a new stake in Standex International in the 4th quarter valued at $8,080,000. Norges Bank acquired a new stake in Standex International in the 4th quarter valued at $7,122,000. Finally, JPMorgan Chase & Co. grew its position in shares of Standex International by 65.1% in the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after acquiring an additional 31,560 shares during the period. 90.35% of the stock is owned by institutional investors.

Standex International Stock Performance

NYSE SXI traded up $0.64 during trading on Wednesday, reaching $151.47. The company's stock had a trading volume of 137,777 shares, compared to its average volume of 57,315. The firm has a 50 day moving average price of $149.10 and a 200 day moving average price of $177.12. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. 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 12 month low of $128.85 and a 12 month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $207.78 million during 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 firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. As a group, equities analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 yield of 0.85%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio is 25.30%.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director now directly owns 5,259 shares in the company, valued at approximately $821,087.67. This represents a 6.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SXI shares. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson decreased their price objective on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. Finally, Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.