Standex International Corporation $SXI Shares Purchased 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 raised its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 103.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,653 shares of the industrial products company's stock after buying an additional 10,994 shares during the quarter. 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 large investors have also made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of Standex International by 15.6% in the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock valued at $64,817,000 after purchasing an additional 46,869 shares in the last quarter. Northern Trust Corp grew its position in Standex International by 2.1% in the first quarter. Northern Trust Corp now owns 209,316 shares of the industrial products company's stock worth $33,782,000 after acquiring an additional 4,389 shares during the period. Handelsbanken Fonder AB grew its position in Standex International by 12.2% in the first quarter. Handelsbanken Fonder AB now owns 143,500 shares of the industrial products company's stock worth $23,159,000 after acquiring an additional 15,600 shares during the period. Raymond James Financial Inc. grew its position in Standex International by 131.1% in the first quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company's stock worth $22,528,000 after acquiring an additional 79,181 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Standex International by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 108,476 shares of the industrial products company's stock worth $17,507,000 after acquiring an additional 7,010 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Standex International

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SXI. DA Davidson raised their price target on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Tuesday, July 29th. Finally, Roth Capital restated a "buy" rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standex International has an average rating of "Buy" and an average target price of $223.50.

Standex International Stock Performance

Shares of SXI traded down $0.67 during midday trading on Wednesday, reaching $209.61. 34,930 shares of the stock were exchanged, compared to its average volume of 91,043. The business's 50-day moving average price is $174.78 and its 200 day moving average price is $165.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $212.65. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 2.67 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, sell-side analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Standex International's payout ratio is 27.59%.

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.