Standex International Co. (NYSE:SXI) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,200 shares of the industrial products company's stock after selling 3,125 shares during the quarter. ProShare Advisors LLC owned about 0.35% of Standex International worth $7,704,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SXI. Barclays PLC lifted its position in shares of Standex International by 80.7% in the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company's stock worth $4,157,000 after buying an additional 10,159 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Standex International by 24.4% during the 4th quarter. Park Avenue Securities LLC now owns 2,797 shares of the industrial products company's stock worth $523,000 after acquiring an additional 548 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Standex International during the 4th quarter valued at approximately $235,000. apricus wealth LLC bought a new position in shares of Standex International during the 4th quarter valued at approximately $299,000. Finally, KBC Group NV grew its holdings in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Stock Up 0.3%

Shares of NYSE:SXI traded up $0.43 on Tuesday, hitting $156.72. 40,407 shares of the company's stock were exchanged, compared to its average volume of 56,636. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66. The company has a market capitalization of $1.89 billion, a PE ratio of 34.22, a P/E/G ratio of 2.63 and a beta of 1.08. The firm's 50-day moving average is $151.49 and its 200 day moving average is $178.84.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results 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. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The firm had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. During the same quarter last year, the business posted $1.75 EPS. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts predict that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%. Standex International's dividend payout ratio (DPR) is presently 25.30%.

Analyst Ratings Changes

Several research firms have recently weighed in on SXI. Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Barrington Research reissued an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Friday, May 2nd. DA Davidson decreased their target price 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. StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Standex International presently has an average rating of "Buy" and a consensus price target of $223.33.

Insider Buying and Selling

In other Standex International 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 transaction of $55,426.15. Following the sale, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

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.