BNP Paribas Financial Markets Decreases Position in Standex International Co. (NYSE:SXI)

BNP Paribas Financial Markets decreased its stake in Standex International Co. (NYSE:SXI - Free Report) by 63.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,971 shares of the industrial products company's stock after selling 3,417 shares during the period. BNP Paribas Financial Markets' holdings in Standex International were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Maryland State Retirement & Pension System grew its holdings in shares of Standex International by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after purchasing an additional 66 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Standex International by 3.4% during the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Standex International by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Standex International by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Trading Down 1.8%

Shares of SXI traded down $2.76 during trading hours on Friday, reaching $151.29. 16,336 shares of the company traded hands, compared to its average volume of 57,256. The company's fifty day moving average price is $148.53 and its two-hundred day moving average price is $176.55. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a 12 month low of $128.85 and a 12 month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its 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. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. Equities research analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's payout ratio is currently 25.30%.

Analyst Ratings Changes

Several equities analysts recently commented on SXI shares. William Blair reaffirmed an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. DA Davidson cut their price target on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, 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. One equities research 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's stock. According to MarketBeat.com, Standex International presently has an average rating of "Buy" and a consensus price target of $223.33.

Insiders Place Their Bets

In other news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction that occurred on 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. The trade was a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

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.