Standex International Corporation (NYSE:SXI) Shares Sold by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Standex International Corporation by 27.7%, selling 4,788 shares and holding 12,517 shares worth $2,020,000 at the end of the first quarter.
• Multiple institutional investors, including JPMorgan Chase & Co. and Principal Financial Group, have recently increased their holdings, with JPMorgan growing its stake by 65.1%.
• Standex International reported a quarterly earnings beat of $1.95 per share, and declared a quarterly dividend of $0.32, reflecting an annual yield of 0.77%.

Knights of Columbus Asset Advisors LLC lessened its stake in Standex International Corporation (NYSE:SXI - Free Report) by 27.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,517 shares of the industrial products company's stock after selling 4,788 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.11% of Standex International worth $2,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Standex International by 1.6% during the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock worth $10,361,000 after purchasing an additional 1,003 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after purchasing an additional 31,560 shares in the last quarter. Cetera Investment Advisers increased its stake in Standex International by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock worth $727,000 after buying an additional 168 shares during the period. Deutsche Bank AG lifted its holdings in Standex International by 46.5% during the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock worth $1,938,000 after buying an additional 3,289 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Standex International by 16.8% during the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock worth $2,172,000 after buying an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director owned 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Standex International Price Performance

Shares of SXI opened at $165.97 on Friday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 2.09 and a beta of 1.06. The firm's fifty day simple moving average is $156.96 and its 200-day simple moving average is $164.88. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $212.65. 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 (NYSE:SXI - Get Free Report) last posted 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. The company had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. Standex International's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $1.75 earnings per share. Equities analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, August 8th. Standex International's dividend payout ratio (DPR) is 25.30%.

Standex International Company 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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