Standex International Co. (NYSE:SXI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 84.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Standex International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock valued at $265,283,000 after purchasing an additional 15,518 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Standex International by 2.1% in the 4th quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company's stock worth $109,283,000 after buying an additional 11,774 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Standex International by 14.0% during 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. Geode Capital Management LLC lifted its holdings in Standex International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock worth $59,314,000 after acquiring an additional 8,923 shares during the period. Finally, Northern Trust Corp increased its position in shares of Standex International by 5.1% during the 4th quarter. Northern Trust Corp now owns 204,927 shares of the industrial products company's stock valued at $38,319,000 after purchasing an additional 9,974 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction dated 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 sale, the director now owns 5,259 shares in the company, valued at approximately $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson reduced 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 note on Tuesday, May 6th. Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. Finally, William Blair reissued an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. One investment 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $223.33.

Standex International Stock Down 0.9%

SXI stock traded down $1.42 during midday trading on Friday, hitting $152.63. The stock had a trading volume of 2,981 shares, compared to its average volume of 57,201. The business has a 50-day moving average of $148.53 and a two-hundred day moving average of $176.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. 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 posted its quarterly earnings data 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. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The business had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Standex International's quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

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.