Standex International Corporation (NYSE:SXI) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,476 shares of the industrial products company's stock after buying an additional 7,010 shares during the period. Envestnet Asset Management Inc. owned approximately 0.91% of Standex International worth $17,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Standex International during the 4th quarter worth about $11,296,000. Swiss National Bank raised its holdings in Standex International by 0.9% in the 4th quarter. Swiss National Bank now owns 23,400 shares of the industrial products company's stock valued at $4,376,000 after acquiring an additional 200 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Standex International by 17.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,121 shares of the industrial products company's stock valued at $397,000 after acquiring an additional 315 shares in the last quarter. Royce & Associates LP raised its holdings in Standex International by 33.8% in the 4th quarter. Royce & Associates LP now owns 7,560 shares of the industrial products company's stock valued at $1,414,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Standex International in the 4th quarter worth approximately $203,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 355 shares of Standex International 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 transaction, the director owned 5,259 shares in the company, valued at $821,087.67. This trade represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

Standex International Stock Performance

Shares of SXI opened at $156.71 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The firm's fifty day simple moving average is $156.50 and its two-hundred day simple moving average is $166.00. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 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 firm had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. During the same quarter last year, the business posted $1.75 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, analysts predict that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio is currently 25.30%.

Wall Street Analyst Weigh In

SXI has been the subject of a number of recent analyst reports. Roth Capital raised Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. DA Davidson reduced their price target on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock 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 research note on Friday, May 2nd. Finally, Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $223.33.

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.

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