ProShare Advisors LLC Lowers Holdings in Standex International Co. (NYSE:SXI)

ProShare Advisors LLC cut its holdings in Standex International Co. (NYSE:SXI - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,200 shares of the industrial products company's stock after selling 3,125 shares during the quarter. ProShare Advisors LLC owned 0.35% of Standex International worth $7,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SXI. Smartleaf Asset Management LLC lifted its holdings in Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 330 shares during the period. KBC Group NV lifted its stake 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 during the period. Hanson & Doremus Investment Management lifted its stake in shares of Standex International by 117.4% in the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 500 shares during the period. Bryn Mawr Capital Management LLC purchased a new stake in Standex International during the fourth quarter worth about $201,000. Finally, Cibc World Markets Corp acquired a new position in Standex International during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Insider Buying and Selling at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of Standex International 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 sale, the director now directly owns 5,259 shares of the company's stock, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.

Standex International Price Performance

Shares of Standex International stock traded down $1.05 during trading on Friday, hitting $146.26. 13,912 shares of the company were exchanged, compared to its average volume of 56,628. Standex International Co. has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $150.44 and a 200 day moving average price of $178.41. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 2.63 and a beta of 1.08.

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 for the quarter, topping the consensus estimate of $1.92 by $0.03. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The company had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. During the same quarter last year, the business posted $1.75 earnings per share. Standex International's revenue was up 17.2% compared to the same quarter last year. On average, equities analysts expect that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced 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. This represents a $1.28 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, May 9th. Standex International's payout ratio is 25.30%.

Analyst Ratings Changes

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