Standex International Co. (NYSE:SXI) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC reduced its position in Standex International Co. (NYSE:SXI - Free Report) by 17.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,222 shares of the industrial products company's stock after selling 85,239 shares during the quarter. Silvercrest Asset Management Group LLC owned 3.48% of Standex International worth $77,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Standex International by 65.1% during the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after purchasing an additional 31,560 shares during the period. Smartleaf Asset Management LLC raised its position in Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock worth $96,000 after acquiring an additional 330 shares during the period. Contravisory Investment Management Inc. purchased a new position in Standex International during the fourth quarter valued at $263,000. First Trust Advisors LP grew its holdings in Standex International by 16.8% during the fourth quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock valued at $2,172,000 after purchasing an additional 1,673 shares during the period. Finally, Barclays PLC raised its stake in shares of Standex International by 80.7% in the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company's stock worth $4,157,000 after buying an additional 10,159 shares during the period. 90.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SXI. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research restated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, DA Davidson lowered their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Standex International currently has a consensus rating of "Buy" and an average target price of $223.33.

Insider Buying and Selling at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the transaction, the director now directly owns 5,259 shares of the company's stock, valued at approximately $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Standex International Trading Down 3.1%

NYSE:SXI traded down $4.81 during midday trading on Wednesday, hitting $151.74. The stock had a trading volume of 20,982 shares, compared to its average volume of 56,507. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $151.49 and a 200 day moving average of $178.84. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.63 and a beta of 1.08. Standex International Co. has a one year low of $128.85 and a one year high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Standex International's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. As a group, sell-side analysts forecast that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, May 9th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. Standex International's dividend payout ratio (DPR) is presently 25.30%.

About Standex International

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.