Hsbc Holdings PLC Boosts Stock Holdings in Standex International Co. (NYSE:SXI)

Hsbc Holdings PLC boosted its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 238.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,774 shares of the industrial products company's stock after acquiring an additional 3,365 shares during the quarter. Hsbc Holdings PLC's holdings in Standex International were worth $896,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock worth $98,066,000 after acquiring an additional 64,373 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Standex International during the 4th quarter valued at approximately $11,296,000. Bryn Mawr Capital Management LLC bought a new position in shares of Standex International in the 4th quarter valued at $8,080,000. Norges Bank bought a new position in Standex International in the fourth quarter valued at about $7,122,000. Finally, JPMorgan Chase & Co. boosted its position in Standex International by 65.1% during the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock worth $14,965,000 after buying an additional 31,560 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SXI shares. William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. DA Davidson dropped their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Friday, May 2nd. One 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 stock. According to MarketBeat, Standex International has an average rating of "Buy" and an average target price of $223.33.

Standex International Stock Up 0.5 %

Shares of NYSE SXI traded up $0.81 during trading on Friday, hitting $153.98. 57,385 shares of the company traded hands, compared to its average volume of 69,735. 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 business's fifty day moving average is $155.73 and its 200 day moving average is $180.14. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.63 and a beta of 1.08. Standex International Co. 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 announced its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) 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 company had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Standex International's quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

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 shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.

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.