Schroder Investment Management Group Purchases New Stake in Standex International Co. (NYSE:SXI)

Schroder Investment Management Group bought a new stake in Standex International Co. (NYSE:SXI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,577 shares of the industrial products company's stock, valued at approximately $482,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Standex International by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock worth $761,000 after purchasing an additional 66 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Standex International by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Standex International by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after buying an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company's stock worth $540,000 after buying an additional 100 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson lifted their price target on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. William Blair restated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reiterated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Finally, Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $231.33.

Standex International Trading Up 2.8 %

Shares of SXI stock traded up $3.94 on Friday, hitting $142.94. The company had a trading volume of 80,752 shares, compared to its average volume of 54,636. The stock's 50-day moving average is $173.41 and its two-hundred day moving average is $185.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm has a market cap of $1.70 billion, a P/E ratio of 31.21, a P/E/G ratio of 2.63 and a beta of 0.95. Standex International Co. has a twelve month low of $130.05 and a twelve month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.90%. Standex International's payout ratio is 27.95%.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company's stock.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.