Northern Trust Corp Purchases 9,974 Shares of Standex International Co. (NYSE:SXI)

Northern Trust Corp grew its holdings in Standex International Co. (NYSE:SXI - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,927 shares of the industrial products company's stock after acquiring an additional 9,974 shares during the quarter. Northern Trust Corp owned 1.72% of Standex International worth $38,319,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock worth $265,283,000 after purchasing an additional 15,518 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Standex International by 2.1% during the 4th quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company's stock worth $109,283,000 after acquiring an additional 11,774 shares during the period. Wasatch Advisors LP raised its holdings in Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after acquiring an additional 64,373 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Standex International by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock valued at $59,314,000 after acquiring an additional 8,923 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Standex International by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock worth $27,842,000 after purchasing an additional 5,012 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Roth Capital raised Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, DA Davidson dropped their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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 company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Standex International Trading Up 0.3 %

NYSE SXI opened at $153.98 on Friday. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66. The business's fifty day moving average is $155.20 and its 200 day moving average is $180.00. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. As a group, sell-side analysts expect that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

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

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.

Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standex International Co. (NYSE:SXI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.