Handelsbanken Fonder AB Raises Position in Standex International Co. (NYSE:SXI)

Handelsbanken Fonder AB grew its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,700 shares of the industrial products company's stock after purchasing an additional 5,000 shares during the period. Handelsbanken Fonder AB owned about 1.28% of Standex International worth $24,185,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Copeland Capital Management LLC increased its holdings in shares of Standex International by 0.9% in the third quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company's stock worth $80,129,000 after buying an additional 4,880 shares during the period. Northern Trust Corp increased its holdings in Standex International by 1.9% during the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company's stock valued at $36,683,000 after purchasing an additional 4,742 shares during the period. Envestnet Asset Management Inc. increased its holdings in Standex International by 37.3% during the 3rd 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. Victory Capital Management Inc. increased its holdings in Standex International by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 51,824 shares of the industrial products company's stock valued at $7,550,000 after purchasing an additional 3,560 shares during the period. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in Standex International by 99.2% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company's stock valued at $6,736,000 after purchasing an additional 21,182 shares during the period. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Buying and Selling at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the sale, the director now directly owns 4,811 shares in the company, valued at approximately $732,186.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Barbara Joanne Edwards sold 1,661 shares of the firm's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the transaction, the director now directly owns 4,811 shares in the company, valued at approximately $732,186.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Alan J. Glass sold 1,619 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the transaction, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,084 shares of company stock worth $2,980,448. Insiders own 2.63% of the company's stock.

Analyst Ratings Changes

SXI has been the topic of a number of research analyst 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 report on Monday, February 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $195.00.

Standex International Stock Up 2.0 %

Shares of Standex International stock traded up $3.46 during midday trading on Tuesday, hitting $172.53. The company had a trading volume of 28,542 shares, compared to its average volume of 66,603. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The stock has a market capitalization of $2.05 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.57 and a beta of 1.03. The company has a 50 day moving average of $172.86 and a 200 day moving average of $155.18. Standex International Co. has a 52-week low of $117.24 and a 52-week high of $184.18.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly 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. 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 the consensus estimate of $180.25 million. During the same quarter in the prior year, the business posted $1.74 EPS. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts predict that Standex International Co. will post 7.23 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

About Standex International

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.