Invesco Ltd. Lowers Holdings in Standex International Co. (NYSE:SXI)

Invesco Ltd. cut its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,805 shares of the industrial products company's stock after selling 13,770 shares during the period. Invesco Ltd. owned approximately 0.48% of Standex International worth $10,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXI. Vanguard Group Inc. lifted its holdings in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock valued at $265,283,000 after buying an additional 15,518 shares during the period. Geode Capital Management LLC raised its position in Standex International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock worth $59,314,000 after acquiring an additional 8,923 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock valued at $27,842,000 after acquiring an additional 5,012 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Standex International by 1.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company's stock valued at $18,973,000 after acquiring an additional 1,540 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after acquiring an additional 31,560 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Price Performance

Shares of NYSE:SXI traded up $3.12 during midday trading on Monday, hitting $140.28. 88,312 shares of the stock were exchanged, compared to its average volume of 55,631. The stock has a market cap of $1.67 billion, a P/E ratio of 30.63, a PEG ratio of 2.63 and a beta of 0.95. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66. The company has a 50 day moving average price of $161.37 and a 200-day moving average price of $181.72.

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

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, May 9th. Standex International's payout ratio is 27.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Capital raised Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. DA Davidson raised their target price on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $231.33.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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.