Teacher Retirement System of Texas Sells 16,590 Shares of Standex International Corporation (NYSE:SXI)

Teacher Retirement System of Texas trimmed its position in Standex International Corporation (NYSE:SXI - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,288 shares of the industrial products company's stock after selling 16,590 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Standex International worth $2,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SXI. Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock worth $27,842,000 after buying an additional 5,012 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Standex International by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 44,142 shares of the industrial products company's stock worth $8,254,000 after purchasing an additional 474 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Standex International during the fourth quarter worth approximately $2,482,000. Raymond James Financial Inc. acquired a new stake in shares of Standex International during the fourth quarter worth approximately $11,296,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Standex International by 97.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,058 shares of the industrial products company's stock worth $759,000 after purchasing an additional 2,004 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction 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 transaction, the director owned 5,259 shares of the company's stock, valued at approximately $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Standex International Stock Performance

Shares of NYSE:SXI traded down $0.42 during trading on Thursday, reaching $166.92. The stock had a trading volume of 241,162 shares, compared to its average volume of 65,010. The stock has a fifty day simple moving average of $155.81 and a two-hundred day simple moving average of $167.26. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.66. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 2.10 and a beta of 1.06. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84.

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 for the quarter, beating the consensus estimate of $1.92 by $0.03. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The firm had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. During the same quarter in the prior year, the company earned $1.75 EPS. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio (DPR) is currently 25.30%.

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.