Standex International Co. (NYSE:SXI) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,364 shares of the industrial products company's stock after acquiring 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.

Several other hedge funds have also modified their holdings of the stock. Wasatch Advisors LP increased its position in Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock worth $98,066,000 after purchasing an additional 64,373 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Standex International during the 4th quarter worth $11,296,000. Ameriprise Financial Inc. raised its position in shares of Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after buying an additional 46,869 shares during the period. Bryn Mawr Capital Management LLC purchased a new stake in Standex International during the fourth quarter valued at about $8,080,000. Finally, Norges Bank purchased a new stake in Standex International during the fourth quarter valued at about $7,122,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SXI has been the topic of several research analyst reports. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. DA Davidson cut their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $223.33.

Standex International Stock Up 3.0%

NYSE:SXI traded up $4.43 during trading hours on Tuesday, hitting $150.29. The stock had a trading volume of 88,699 shares, compared to its average volume of 56,993. The company has a market cap of $1.81 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The business has a 50 day simple moving average of $149.46 and a two-hundred day simple moving average of $177.31. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66. 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 released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating 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 business had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. During the same period last year, the business earned $1.75 EPS. The business's revenue was up 17.2% on a year-over-year basis. 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 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 0.85%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is 25.30%.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction 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 sale, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by company insiders.

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.