28,469 Shares in Standex International Corporation $SXI Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake of 28,469 shares in Standex International Corporation, valued at around $4.6 million, representing roughly 0.24% ownership of the company.
• CEO David A. Dunbar sold 16,000 shares at $200 each, decreasing his holding by 12.16%, while institutional investors now own 90.35% of the company's stock.
• DA Davidson raised the price target for Standex International to $219, maintaining a "buy" rating, while analysts have a consensus rating of "buy" with an average target price of $223.50.

Nuveen LLC bought a new position in shares of Standex International Corporation (NYSE:SXI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,469 shares of the industrial products company's stock, valued at approximately $4,595,000. Nuveen LLC owned approximately 0.24% of Standex International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SXI. Principal Financial Group Inc. raised its stake in shares of 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 worth $10,361,000 after buying an additional 1,003 shares during the last quarter. Invesco Ltd. grew its position in shares of Standex International by 30.2% in the first quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock valued at $11,934,000 after purchasing an additional 17,139 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Standex International by 4.5% in the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after purchasing an additional 168 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Standex International by 46.5% during the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock worth $1,938,000 after purchasing an additional 3,289 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Standex International by 16.8% during the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Stock Down 2.8%

NYSE SXI traded down $5.88 on Monday, reaching $204.16. The company had a trading volume of 139,283 shares, compared to its average volume of 126,769. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $212.65. The firm has a 50-day moving average of $178.77 and a 200-day moving average of $165.72. The firm has a market capitalization of $2.46 billion, a PE ratio of 44.00, a P/E/G ratio of 2.60 and a beta of 1.12.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same quarter last year, the firm posted $1.76 earnings per share. The business's quarterly revenue was up 23.2% on a year-over-year basis. On average, equities research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.32 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Standex International's payout ratio is currently 27.59%.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the transaction, the director directly owned 8,439 shares of the company's stock, valued at $1,709,741.40. This represents a 26.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total value of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SXI shares. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Roth Capital reiterated a "buy" rating and set a $205.00 price objective (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. DA Davidson upped their target price on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Standex International currently has a consensus rating of "Buy" and an average price target of $223.50.

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.