Standex International Co. (NYSE:SXI) is Copeland Capital Management LLC's 6th Largest Position

Copeland Capital Management LLC lowered its position in Standex International Co. (NYSE:SXI - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 536,381 shares of the industrial products company's stock after selling 13,619 shares during the period. Standex International comprises about 1.7% of Copeland Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. Copeland Capital Management LLC owned 4.51% of Standex International worth $84,952,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Trexquant Investment LP bought a new stake in Standex International during the third quarter valued at about $1,690,000. Qube Research & Technologies Ltd grew its holdings in Standex International by 267.3% during the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company's stock valued at $3,948,000 after purchasing an additional 19,724 shares during the period. Envestnet Asset Management Inc. grew its holdings in Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company's stock valued at $11,700,000 after purchasing an additional 21,831 shares during the period. Handelsbanken Fonder AB grew its holdings in Standex International by 20.4% during the third quarter. Handelsbanken Fonder AB now owns 147,700 shares of the industrial products company's stock valued at $21,518,000 after purchasing an additional 25,000 shares during the period. Finally, Deutsche Bank AG grew its holdings in Standex International by 18.5% during the third quarter. Deutsche Bank AG now owns 6,560 shares of the industrial products company's stock valued at $956,000 after purchasing an additional 1,023 shares during the period. Institutional investors own 90.35% of the company's stock.

Insider Buying and Selling

In related news, CEO David A. Dunbar sold 4,901 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO David A. Dunbar sold 4,901 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now owns 11,370 shares in the company, valued at $1,831,024.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,084 shares of company stock worth $2,980,448. Corporate insiders own 2.28% of the company's stock.

Standex International Price Performance

Shares of Standex International stock traded down $0.20 during trading hours on Friday, hitting $182.22. The company's stock had a trading volume of 70,328 shares, compared to its average volume of 80,400. The business has a 50 day moving average price of $166.01 and a two-hundred day moving average price of $152.16. Standex International Co. has a 12-month low of $113.89 and a 12-month high of $184.18. The company has a market cap of $2.16 billion, a PE ratio of 15.68, a PEG ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $178.40 million for the quarter, compared to the consensus estimate of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business's revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. Analysts expect that Standex International Co. will post 7.31 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. Standex International's dividend payout ratio is currently 10.33%.

Wall Street Analysts Forecast Growth

SXI has been the subject of several recent research reports. DA Davidson boosted their price target on Standex International from $165.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. StockNews.com downgraded Standex International from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Standex International has a consensus rating of "Buy" and an average target price of $195.00.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.