Envestnet Asset Management Inc. Acquires 7,010 Shares of Standex International Corporation (NYSE:SXI)

Envestnet Asset Management Inc. lifted its position in Standex International Corporation (NYSE:SXI - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,476 shares of the industrial products company's stock after acquiring an additional 7,010 shares during the period. Envestnet Asset Management Inc. owned approximately 0.91% of Standex International worth $17,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC grew its holdings in shares of Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after purchasing an additional 193 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Standex International by 25.9% during the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 78 shares during the last quarter. Fifth Third Bancorp increased its stake in Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after purchasing an additional 157 shares during the period. Cibc World Markets Corp bought a new stake in shares of Standex International in the 4th quarter worth approximately $203,000. Finally, Moody National Bank Trust Division boosted its position in shares of Standex International by 6.8% during the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 90 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of analyst reports. Wall Street Zen upgraded Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Roth Capital upgraded Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Barrington Research restated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, May 2nd. Finally, DA Davidson reduced their price target on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Standex International currently has a consensus rating of "Buy" and an average target price of $223.33.

Standex International Stock Down 1.4%

Shares of SXI traded down $2.21 during midday trading on Monday, reaching $154.90. 49,514 shares of the company were exchanged, compared to its average volume of 66,807. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $212.66. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.01 and a beta of 1.06. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $156.56 and a 200-day moving average price of $165.49.

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 (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. During the same period in the previous year, the business earned $1.75 EPS. The company's revenue was up 17.2% on a year-over-year basis. Research analysts expect that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.83%. Standex International's payout ratio is presently 25.30%.

Insider Buying and Selling

In other news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the transaction, the director directly owned 5,259 shares in the company, valued at $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company's stock.

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.