Assenagon Asset Management S.A. Makes New $2.22 Million Investment in Standex International Co. (NYSE:SXI)

Assenagon Asset Management S.A. purchased a new stake in Standex International Co. (NYSE:SXI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,031 shares of the industrial products company's stock, valued at approximately $2,222,000. Assenagon Asset Management S.A. owned 0.12% of Standex International at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Standex International during the 4th quarter valued at about $12,607,000. Invesco Ltd. boosted its position in shares of Standex International by 187.9% during the 1st quarter. Invesco Ltd. now owns 112,634 shares of the industrial products company's stock valued at $11,254,000 after purchasing an additional 73,508 shares in the last quarter. Royce & Associates LP boosted its position in shares of Standex International by 205.8% during the 1st quarter. Royce & Associates LP now owns 62,299 shares of the industrial products company's stock valued at $7,628,000 after purchasing an additional 41,927 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Standex International by 371.2% during the 2nd quarter. Renaissance Technologies LLC now owns 49,000 shares of the industrial products company's stock valued at $4,154,000 after purchasing an additional 38,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Standex International by 97.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 67,665 shares of the industrial products company's stock valued at $5,736,000 after purchasing an additional 33,389 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO David A. Dunbar sold 4,901 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares of the company's stock, valued at $10,319,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total value of $825,000.00. Following the completion of the sale, the chief executive officer now directly owns 62,233 shares of the company's stock, valued at $10,268,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the transaction, the chief executive officer now owns 57,332 shares of the company's stock, valued at $10,319,760. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock worth $2,980,448 over the last 90 days. 2.28% of the stock is currently owned by corporate insiders.

Standex International Stock Down 1.6 %

NYSE:SXI traded down $2.77 on Thursday, hitting $171.76. The stock had a trading volume of 53,590 shares, compared to its average volume of 70,189. The business's fifty day moving average is $167.44 and its 200 day moving average is $152.70. The company has a market cap of $2.04 billion, a PE ratio of 15.13, a P/E/G ratio of 2.66 and a beta of 1.03. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. Standex International Co. has a 52 week low of $113.89 and a 52 week high of $184.18.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The company had revenue of $178.40 million for the quarter, compared to analyst estimates of $180.25 million. During the same quarter last year, the company earned $1.74 earnings per share. The company's revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities research analysts expect that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were issued a $0.30 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. Standex International's dividend payout ratio is presently 10.33%.

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.