Standex International Co. (NYSE:SXI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Standex International Co. (NYSE:SXI - Free Report) by 63.4% in the fourth quarter, according to its most recent disclosure with the 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 reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SXI. Wasatch Advisors LP raised its holdings 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Standex International during the fourth quarter worth about $11,296,000. Ameriprise Financial Inc. raised its holdings in Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after purchasing an additional 46,869 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new position in Standex International during the fourth quarter worth about $8,080,000. Finally, Norges Bank purchased a new position in Standex International during the fourth quarter worth about $7,122,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SXI has been the subject of several analyst reports. DA Davidson cut their price target on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Standex International has an average rating of "Buy" and an average target price of $223.33.

Insiders Place Their Bets

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 corporate insiders.

Standex International Price Performance

Shares of SXI traded down $2.66 during mid-day trading on Friday, reaching $151.39. 64,136 shares of the company's stock were exchanged, compared to its average volume of 57,418. 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 company has a 50-day simple moving average of $148.18 and a two-hundred day simple moving average of $175.98. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to analysts' expectations 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 was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. On average, sell-side analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

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

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.