Vanguard Group Inc. Has $223.93 Million Stock Holdings in Standex International Corporation $SXI

Key Points

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Vanguard Group Inc. decreased its position in shares of Standex International Corporation (NYSE:SXI - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,387,512 shares of the industrial products company's stock after selling 31,191 shares during the period. Vanguard Group Inc. owned approximately 11.49% of Standex International worth $223,931,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SXI. Whittier Trust Co. grew its position in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. TD Private Client Wealth LLC grew its position in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc grew its position in Standex International by 25.9% in the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 78 shares during the last quarter. Moody National Bank Trust Division grew its position in Standex International by 6.8% in the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 90 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Standex International by 4.5% during the fourth 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 in the last quarter. Institutional investors own 90.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Roth Capital reaffirmed a "buy" rating and issued a $205.00 price objective (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Finally, DA Davidson lifted their price objective on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $223.50.

Standex International Trading Up 0.7%

Shares of SXI stock opened at $203.86 on Tuesday. The company has a market cap of $2.46 billion, a P/E ratio of 43.94, a PEG ratio of 2.58 and a beta of 1.11. The stock has a 50 day simple moving average of $168.58 and a two-hundred day simple moving average of $164.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.76 earnings per share. Research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International's payout ratio is presently 27.59%.

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction that occurred 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 sale, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

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