Standex International Corporation $SXI Shares Acquired by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Standex International by 103.1% during the first quarter, owning approximately 0.18% of the company, valued at about $3.5 million.
• Standex International's shares recently received positive ratings from multiple analysts, with price targets rising to as much as $220.00, indicating a consensus rating of "Buy".
• The company announced a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 0.6% with a payout ratio of 27.59%.

Advantage Alpha Capital Partners LP lifted its position in shares of Standex International Corporation (NYSE:SXI - Free Report) by 103.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,653 shares of the industrial products company's stock after purchasing an additional 10,994 shares during the period. Advantage Alpha Capital Partners LP owned about 0.18% of Standex International worth $3,495,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SXI. Raymond James Financial Inc. lifted its position in shares of Standex International by 131.1% during the first quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company's stock worth $22,528,000 after purchasing an additional 79,181 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of 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. GAMMA Investing LLC lifted its position in shares of Standex International by 16,968.6% during the first quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company's stock worth $5,261,000 after purchasing an additional 32,410 shares in the last quarter. Nuveen LLC acquired a new position in shares of Standex International during the first quarter worth $4,595,000. Finally, Invesco Ltd. lifted its position in shares of Standex International by 30.2% during the first quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock worth $11,934,000 after purchasing an additional 17,139 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SXI has been the topic of several recent analyst reports. Roth Capital reaffirmed a "buy" rating and issued a $205.00 price target (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. DA Davidson upped their price target on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $223.50.

Standex International Stock Up 0.4%

Shares of NYSE:SXI opened at $201.37 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.11. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $212.65. The company's fifty day moving average is $171.40 and its two-hundred day moving average is $165.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. The company had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. Equities analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 8th. Standex International's dividend payout ratio is 27.59%.

Insiders Place Their Bets

In other news, CEO David A. Dunbar sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at approximately $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Hansen sold 2,992 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director owned 8,439 shares of the company's stock, valued at $1,709,741.40. This represents a 26.17% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

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.

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