Deutsche Bank AG Increases Position in Standex International Co. (NYSE:SXI)

Deutsche Bank AG increased its holdings in Standex International Co. (NYSE:SXI - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,364 shares of the industrial products company's stock after buying an additional 3,289 shares during the period. Deutsche Bank AG owned 0.09% of Standex International worth $1,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Standex International by 65.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after buying an additional 31,560 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Standex International by 183.3% in the 4th 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 in the last quarter. Cetera Investment Advisers boosted its position in shares of Standex International by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 168 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Standex International by 16.8% during the fourth 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 in the last quarter. Finally, Barclays PLC increased 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 purchasing an additional 10,159 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Standex International Price Performance

Shares of SXI stock traded up $1.86 during trading hours on Thursday, hitting $153.54. 49,903 shares of the company's stock were exchanged, compared to its average volume of 57,418. Standex International Co. has a 12-month low of $128.85 and a 12-month high of $212.66. The company has a market capitalization of $1.85 billion, a PE ratio of 33.52, a PEG ratio of 2.63 and a beta of 1.08. The business's 50 day simple moving average is $148.53 and its 200-day simple moving average is $176.55. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, May 9th. Standex International's payout ratio is 25.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SXI shares. DA Davidson dropped 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. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Standex International currently has a consensus rating of "Buy" and a consensus target price of $223.33.

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.