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

Teacher Retirement System of Texas reduced its stake in shares of Standex International Corporation (NYSE:SXI - Free Report) by 53.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Maryland State Retirement & Pension System lifted its stake in shares of Standex International by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after purchasing an additional 66 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 78 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Standex International by 6.8% in the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 90 shares during the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of Standex International by 3.4% in the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 99 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Standex International by 4.5% in the 4th quarter. Baird Financial Group Inc. now owns 2,299 shares of the industrial products company's stock valued at $430,000 after purchasing an additional 100 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Standex International Stock Performance

Standex International stock traded down $3.15 on Friday, reaching $163.50. 24,558 shares of the stock were exchanged, compared to its average volume of 64,987. The stock has a market cap of $1.97 billion, a PE ratio of 32.32, a PEG ratio of 2.14 and a beta of 1.06. 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 Corporation has a twelve month low of $128.85 and a twelve month high of $212.66. The firm has a fifty day moving average price of $156.25 and a two-hundred day moving average price of $167.10.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. Sell-side analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio is currently 25.30%.

Insider Activity at Standex International

In other news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction dated 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 transaction, the director owned 5,259 shares of the company's stock, valued at approximately $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company's stock.

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.