Cerity Partners LLC Takes $6.09 Million Position in Standex International Co. (NYSE:SXI)

Cerity Partners LLC acquired a new stake in Standex International Co. (NYSE:SXI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 38,445 shares of the industrial products company's stock, valued at approximately $6,089,000. Cerity Partners LLC owned approximately 0.32% of Standex International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXI. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Standex International during the 4th quarter worth about $26,000. Pacer Advisors Inc. acquired a new stake in shares of Standex International during the 4th quarter worth about $28,000. State of Wyoming acquired a new stake in shares of Standex International during the 2nd quarter worth about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Standex International during the 4th quarter worth about $34,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Standex International by 230.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 334 shares of the industrial products company's stock worth $41,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of Standex International 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 transaction, the chief executive officer now owns 57,332 shares of the company's stock, valued at $10,319,760. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David A. Dunbar sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 62,233 shares of the company's stock, valued at $10,268,445. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David A. Dunbar sold 4,901 shares of the business's stock in a transaction that occurred 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 directly owns 57,332 shares in the company, valued at approximately $10,319,760. The disclosure for this sale can be found here. Insiders sold a total of 18,084 shares of company stock worth $2,980,448 over the last 90 days. 2.28% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on SXI shares. DA Davidson raised their price objective on Standex International from $165.00 to $200.00 and gave the stock a "buy" rating in a research 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $195.00.

Standex International Stock Down 0.9 %

Shares of SXI traded down $1.46 during midday trading on Tuesday, hitting $169.28. The company had a trading volume of 38,848 shares, compared to its average volume of 68,073. The company's 50-day simple moving average is $171.55 and its 200-day simple moving average is $154.49. The firm has a market capitalization of $2.01 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.63 and a beta of 1.03. Standex International Co. has a 1 year low of $117.24 and a 1 year high of $184.18. 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 posted its earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $178.40 million during the quarter, compared to analysts' expectations of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The firm's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. As a group, sell-side analysts expect that Standex International Co. will post 7.23 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, February 9th. Standex International's payout ratio is 10.33%.

Standex International 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.