Nicholas Investment Partners LP Boosts Stake in Standex International Co. (NYSE:SXI)

Nicholas Investment Partners LP lifted its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,555 shares of the industrial products company's stock after buying an additional 5,974 shares during the period. Nicholas Investment Partners LP owned approximately 0.41% of Standex International worth $7,690,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of Standex International by 4.0% during the 3rd quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company's stock valued at $1,801,000 after purchasing an additional 478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Standex International by 20.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,692 shares of the industrial products company's stock valued at $392,000 after buying an additional 461 shares during the last quarter. Park Avenue Securities LLC bought a new position in Standex International in the third quarter worth approximately $293,000. Assetmark Inc. bought a new stake in shares of Standex International during the 3rd quarter valued at $1,163,000. Finally, Teacher Retirement System of Texas grew its position in shares of Standex International by 114.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,802 shares of the industrial products company's stock valued at $1,865,000 after acquiring an additional 6,833 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SXI shares. Barrington Research reiterated an "outperform" rating and issued a $180.00 price target on shares of Standex International in a research note on Monday, May 6th. StockNews.com cut Standex International from a "strong-buy" rating to a "buy" rating in a report on Monday, February 5th. DA Davidson upped their price target on Standex International from $200.00 to $203.00 and gave the stock a "buy" rating in a research note on Tuesday, May 7th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of Standex International in a research report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Standex International presently has a consensus rating of "Buy" and an average price target of $191.00.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the transaction, the director now directly owns 11,370 shares of the company's stock, valued at $1,831,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David A. Dunbar sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 62,233 shares in the company, valued at approximately $10,268,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now directly owns 11,370 shares of the company's stock, valued at approximately $1,831,024.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,561 shares of company stock valued at $2,499,397. 2.28% of the stock is currently owned by insiders.

Standex International Stock Up 1.5 %

Shares of SXI stock traded up $2.66 during mid-day trading on Wednesday, hitting $180.14. The stock had a trading volume of 74,367 shares, compared to its average volume of 66,832. 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 current ratio of 3.43 and a quick ratio of 2.65. The firm's 50-day moving average is $174.87 and its two-hundred day moving average is $158.02. The firm has a market capitalization of $2.12 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $1.65 EPS. The company's quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that Standex International Co. will post 7.1 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. Standex International's dividend payout ratio is presently 19.42%.

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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