Louisiana State Employees Retirement System Purchases New Holdings in Standex International Co. (NYSE:SXI)

Louisiana State Employees Retirement System bought a new stake in Standex International Co. (NYSE:SXI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the industrial products company's stock, valued at approximately $950,000. Louisiana State Employees Retirement System owned about 0.05% of Standex International at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Standex International in the fourth quarter valued at approximately $26,000. Pacer Advisors Inc. purchased a new stake in shares of Standex International in the fourth quarter valued at approximately $28,000. International Assets Investment Management LLC boosted its stake in shares of Standex International by 15,740.0% in the fourth quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company's stock valued at $125,000 after buying an additional 787 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Standex International in the third quarter valued at approximately $203,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Standex International in the third quarter valued at approximately $230,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on Standex International from $165.00 to $200.00 and gave the company a "buy" rating in a research note 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, Standex International presently has an average rating of "Buy" and a consensus target price of $195.00.

Standex International Price Performance

SXI traded up $1.10 during trading on Friday, reaching $172.70. 39,545 shares of the stock were exchanged, compared to its average volume of 65,999. The business's 50 day moving average price is $173.37 and its two-hundred day moving average price is $155.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 2.63 and a beta of 1.03. Standex International Co. has a 1 year low of $117.72 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The company 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%. Standex International's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. As a group, equities research analysts anticipate that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. Standex International's dividend payout ratio (DPR) is 10.33%.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 4,901 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was 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 of the company's stock, valued at $10,319,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David A. Dunbar sold 4,901 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was 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 $10,319,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David A. Dunbar sold 5,000 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total value of $825,000.00. Following the completion of the transaction, the chief executive officer now owns 62,233 shares of the company's stock, valued at $10,268,445. The disclosure for this sale can be found here. Insiders sold a total of 18,084 shares of company stock valued at $2,980,448 over the last three months. 2.28% of the stock is currently owned by insiders.

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.