Standex International Co. (NYSE:SXI) Stake Lessened by Teton Advisors Inc.

Teton Advisors Inc. lowered its holdings in Standex International Co. (NYSE:SXI - Free Report) by 39.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the industrial products company's stock after selling 5,500 shares during the period. Teton Advisors Inc. owned approximately 0.07% of Standex International worth $1,346,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB increased its stake in shares of Standex International by 3.4% in the fourth quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company's stock worth $24,185,000 after acquiring an additional 5,000 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Standex International in the third quarter worth $1,690,000. Qube Research & Technologies Ltd increased its stake in shares of Standex International by 267.3% in the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company's stock worth $3,948,000 after acquiring an additional 19,724 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Standex International by 37.3% in the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company's stock worth $11,700,000 after acquiring an additional 21,831 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Standex International during the fourth quarter worth $2,222,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Trading Down 1.9 %

Shares of Standex International stock traded down $3.37 on Tuesday, hitting $172.88. 62,574 shares of the company's stock traded hands, compared to its average volume of 65,827. The firm's 50-day moving average price is $173.63 and its two-hundred day moving average price is $155.77. The stock has a market capitalization of $2.05 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. Standex International Co. has a one year low of $119.14 and a one year high of $184.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58.

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

Standex International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Standex International from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 5th. DA Davidson lifted their price objective on Standex International from $165.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Standex International currently has a consensus rating of "Buy" and a consensus price target of $195.00.

Insider Buying and Selling

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

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.

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