First Trust Advisors LP Has $2.17 Million Position in Standex International Co. (NYSE:SXI)

First Trust Advisors LP boosted its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,614 shares of the industrial products company's stock after purchasing an additional 1,673 shares during the quarter. First Trust Advisors LP owned about 0.10% of Standex International worth $2,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SXI. Barclays PLC boosted its position in Standex International by 80.7% during the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company's stock worth $4,157,000 after purchasing an additional 10,159 shares during the period. Versant Capital Management Inc boosted its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 64 shares during the period. Diversified Trust Co boosted its position in shares of Standex International by 1.9% in the fourth quarter. Diversified Trust Co now owns 5,872 shares of the industrial products company's stock valued at $1,098,000 after acquiring an additional 110 shares during the period. Park Avenue Securities LLC boosted its position in shares of Standex International by 24.4% in the fourth quarter. Park Avenue Securities LLC now owns 2,797 shares of the industrial products company's stock valued at $523,000 after acquiring an additional 548 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Standex International in the fourth quarter valued at about $263,000. 90.35% of the stock is owned by institutional investors.

Standex International Price Performance

SXI traded up $0.49 on Friday, hitting $153.98. 57,474 shares of the stock were exchanged, compared to its average volume of 56,241. Standex International Co. has a 12 month low of $128.85 and a 12 month high of $212.66. The business has a 50-day moving average of $155.20 and a two-hundred day moving average of $180.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.63 and a beta of 1.08.

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 the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The business had revenue of $207.78 million during the quarter, compared to analysts' expectations of $203.71 million. During the same quarter in the prior year, the business posted $1.75 earnings per share. Standex International's revenue was up 17.2% compared to the same quarter last year. Sell-side analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.83%. Standex International's dividend payout ratio is 25.30%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. DA Davidson reduced 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. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $223.33.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

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.