Russell Investments Group Ltd. Decreases Holdings in Standex International Co. (NYSE:SXI)

Russell Investments Group Ltd. lessened its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,918 shares of the industrial products company's stock after selling 4,936 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.39% of Standex International worth $7,273,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SXI. Truist Financial Corp acquired a new position in Standex International in the 4th quarter valued at $361,000. State of New Jersey Common Pension Fund D increased its stake in Standex International by 17.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 18,819 shares of the industrial products company's stock worth $2,981,000 after acquiring an additional 2,786 shares during the period. Atria Wealth Solutions Inc. raised its holdings in Standex International by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company's stock valued at $503,000 after acquiring an additional 108 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Standex International by 4.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,154 shares of the industrial products company's stock valued at $975,000 after acquiring an additional 282 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Standex International by 9.5% during the 4th quarter. New York State Common Retirement Fund now owns 12,689 shares of the industrial products company's stock worth $2,010,000 after purchasing an additional 1,097 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Standex International

In related news, CEO David A. Dunbar sold 4,901 shares of the firm's 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 owns 57,332 shares of the company's stock, valued at $10,319,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Alan J. Glass sold 1,619 shares of the 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 sale, the vice president now directly owns 19,224 shares of the company's stock, valued at approximately $2,939,734.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction 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 directly owns 57,332 shares in the company, valued at $10,319,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,423 shares of company stock valued at $2,727,661. 2.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SXI. Barrington Research reaffirmed an "outperform" rating and issued a $180.00 price target on shares of Standex International in a research note on Monday. DA Davidson boosted their price objective on shares of Standex International from $200.00 to $203.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com downgraded Standex International from a "strong-buy" rating to a "buy" rating in a report on Monday, February 5th. Finally, Benchmark reissued a "buy" rating and set a $190.00 price target on shares of Standex International in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $191.00.

Standex International Price Performance

Shares of SXI traded up $6.36 during trading hours on Wednesday, reaching $173.07. The stock had a trading volume of 88,107 shares, compared to its average volume of 67,566. The stock has a market capitalization of $2.05 billion, a PE ratio of 27.67, a PEG ratio of 2.69 and a beta of 1.06. Standex International Co. has a 12 month low of $130.04 and a 12 month high of $184.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. The company's 50-day moving average is $174.64 and its two-hundred day moving average is $156.83.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.08. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The business had revenue of $177.30 million during the quarter, compared to analyst estimates of $180.06 million. During the same quarter last year, the business earned $1.65 EPS. The firm's quarterly revenue was down 3.8% on a year-over-year basis. Research analysts expect that Standex International Co. will post 7.23 EPS for the current year.

Standex International Dividend Announcement

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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International's payout ratio is presently 19.42%.

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.