Standex International Co. (NYSE:SXI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Standex International Co. (NYSE:SXI - Free Report) by 76.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,306 shares of the industrial products company's stock after selling 10,725 shares during the period. Assenagon Asset Management S.A.'s holdings in Standex International were worth $602,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Standex International in the fourth quarter worth $26,000. Principal Securities Inc. purchased a new position in shares of Standex International in the fourth quarter valued at $26,000. Pacer Advisors Inc. purchased a new position in shares of Standex International in the fourth quarter valued at $28,000. GAMMA Investing LLC boosted its stake in shares of Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 145 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Standex International by 341.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the transaction, the chief executive officer now owns 57,332 shares of the company's stock, valued at approximately $10,319,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the transaction, the chief executive officer now owns 57,332 shares of the company's stock, valued at approximately $10,319,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles H. Cannon, Jr. sold 2,460 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the transaction, the director now owns 862 shares of the company's stock, valued at approximately $153,453.24. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Standex International Stock Performance

Shares of SXI stock traded down $3.98 during trading hours on Wednesday, reaching $168.64. The stock had a trading volume of 61,824 shares, compared to its average volume of 66,327. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $184.18. The firm has a 50-day simple moving average of $174.63 and a 200-day simple moving average of $159.26. The firm has a market capitalization of $1.98 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $180.06 million. During the same quarter last year, the company earned $1.65 EPS. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Standex International Co. will post 7.1 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. Standex International's dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SXI. Barrington Research restated an "outperform" rating and issued a $180.00 target price on shares of Standex International in a research note on Monday, May 6th. StockNews.com cut shares of Standex International from a "strong-buy" rating to a "buy" rating in a report on Monday, February 5th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Finally, DA Davidson increased their target price on shares of Standex International from $200.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $191.00.

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.

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