Tower Research Capital LLC TRC Grows Position in Standex International Co. (NYSE:SXI)

Tower Research Capital LLC TRC grew its stake in Standex International Co. (NYSE:SXI - Free Report) by 710.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,707 shares of the industrial products company's stock after acquiring an additional 2,373 shares during the quarter. Tower Research Capital LLC TRC's holdings in Standex International were worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SXI. Wasatch Advisors LP raised its position in shares of Standex International by 14.0% during the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after buying an additional 64,373 shares during the period. Raymond James Financial Inc. purchased a new stake in Standex International in the fourth quarter valued at $11,296,000. Bryn Mawr Capital Management LLC acquired a new position in shares of Standex International in the 4th quarter valued at $8,080,000. Norges Bank acquired a new position in shares of Standex International in the 4th quarter valued at $7,122,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Standex International by 65.1% during the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock worth $14,965,000 after purchasing an additional 31,560 shares during the period. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

SXI has been the subject of a number of recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday. DA Davidson boosted their target price on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Roth Capital upgraded Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, William Blair restated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $231.33.

Standex International Stock Up 9.8 %

NYSE SXI traded up $14.13 during trading hours on Friday, hitting $158.98. 152,186 shares of the company were exchanged, compared to its average volume of 56,281. The company has a 50 day moving average of $158.04 and a two-hundred day moving average of $180.81. 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 firm has a market cap of $1.89 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.63 and a beta of 0.95. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. During the same quarter last year, the company earned $1.75 earnings per share. The firm's revenue was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 9th. Standex International's dividend payout ratio is presently 27.95%.

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.