Teton Advisors Inc. Reduces Stake in Standex International Co. (NYSE:SXI)

Teton Advisors Inc. cut its holdings in Standex International Co. (NYSE:SXI - Free Report) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the industrial products company's stock after selling 2,600 shares during the quarter. Teton Advisors Inc.'s holdings in Standex International were worth $337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 64 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Standex International by 183.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 330 shares in the last quarter. KBC Group NV boosted its stake in shares of Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock worth $173,000 after purchasing an additional 500 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of Standex International in the fourth quarter valued at approximately $201,000. Institutional investors own 90.35% of the company's stock.

Analysts Set New Price Targets

SXI has been the topic of a number of research reports. Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson raised their target price on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th. Finally, William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $231.33.

Standex International Stock Down 0.1 %

Shares of NYSE SXI traded down $0.15 during trading on Friday, hitting $135.66. 59,856 shares of the company traded hands, compared to its average volume of 54,856. 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 business's fifty day moving average is $167.80 and its 200 day moving average is $183.50. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.63 and a beta of 0.95. Standex International Co. has a fifty-two week low of $130.05 and a fifty-two week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating 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%. Equities research analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's dividend payout ratio is currently 27.95%.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

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.