Standex International Co. (NYSE:SXI) Position Reduced by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 91.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,205 shares of the industrial products company's stock after selling 12,554 shares during the period. Millennium Management LLC's holdings in Standex International were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Standex International by 14.0% in the 4th 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. purchased a new stake in shares of Standex International in the fourth quarter valued at $11,296,000. Ameriprise Financial Inc. increased its stake in Standex International by 15.6% in the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock valued at $64,817,000 after purchasing an additional 46,869 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in Standex International during the fourth quarter worth about $8,080,000. Finally, Norges Bank acquired a new stake in Standex International in the 4th quarter worth about $7,122,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. DA Davidson lowered 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. Finally, William Blair reiterated 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $223.33.

Insider Activity

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the 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 approximately $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company's stock.

Standex International Trading Up 0.7%

Shares of SXI stock traded up $1.07 during mid-day trading on Thursday, reaching $155.43. The company's stock had a trading volume of 65,077 shares, compared to its average volume of 58,349. The company's 50 day simple moving average is $147.26 and its 200-day simple moving average is $173.42. The company has a quick ratio of 2.61, a current ratio of 3.37 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. The firm has a market capitalization of $1.88 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The business's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. On average, research analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is currently 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.