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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Standex International by 65.1% during the 4th 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 during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Standex International by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after purchasing an additional 168 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Standex International by 46.5% during the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock valued at $1,938,000 after purchasing an additional 3,289 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of 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 valued at $2,172,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Standex International by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Price Performance

Shares of NYSE SXI traded down $3.61 during mid-day trading on Friday, hitting $163.04. 73,430 shares of the company's stock traded hands, compared to its average volume of 65,136. The company's 50-day moving average is $156.33 and its two-hundred day moving average is $166.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56. The company has a market capitalization of $1.97 billion, a P/E ratio of 32.22, a PEG ratio of 2.09 and a beta of 1.06. Standex International Corporation has a 1 year low of $128.85 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same period in the prior year, the company posted $1.75 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is currently 25.30%.

Insiders Place Their Bets

In related news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the sale, the director directly owned 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. DA Davidson decreased their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Barrington Research restated an "outperform" rating and set a $220.00 target price 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. According to data from MarketBeat, Standex International has a consensus rating of "Buy" and an average target price of $223.33.

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.