Standex International Co. (NYSE:SXI) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,063 shares of the industrial products company's stock after selling 2,300 shares during the period. Two Sigma Advisers LP's holdings in Standex International were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SXI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Standex International by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,620 shares of the industrial products company's stock valued at $1,238,000 after purchasing an additional 262 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Standex International by 46.5% in the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock valued at $1,938,000 after buying an additional 3,289 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Standex International by 4.5% in the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock worth $727,000 after buying an additional 168 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Standex International by 4.5% during the 4th quarter. Baird Financial Group Inc. now owns 2,299 shares of the industrial products company's stock worth $430,000 after acquiring an additional 100 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Standex International by 7.7% during the 4th quarter. Benjamin Edwards Inc. now owns 2,724 shares of the industrial products company's stock worth $510,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Stock Performance

Shares of NYSE SXI traded up $0.74 during mid-day trading on Friday, hitting $153.49. The stock had a trading volume of 197,359 shares, compared to its average volume of 58,257. The firm has a market cap of $1.85 billion, a PE ratio of 33.51, a PEG ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The company has a 50 day moving average of $146.95 and a two-hundred day moving average of $174.38. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly 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 13.28% and a net margin of 7.59%. The business had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company's quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.83%. Standex International's dividend payout ratio (DPR) is presently 25.30%.

Insider Buying and Selling

In other news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction on 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 now directly owns 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research reiterated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. DA Davidson dropped their price target on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $223.33.

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.