Tower Research Capital LLC TRC Purchases 2,373 Shares of Standex International Co. (NYSE:SXI)

Tower Research Capital LLC TRC increased its position in Standex International Co. (NYSE:SXI - Free Report) by 710.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,707 shares of the industrial products company's stock after buying an additional 2,373 shares during the quarter. Tower Research Capital LLC TRC's holdings in Standex International were worth $506,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Standex International by 27.0% in 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 during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 during the last quarter. KBC Group NV boosted its holdings in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after buying an additional 172 shares in the last quarter. Hanson & Doremus Investment Management boosted its holdings in 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 buying an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Standex International during the fourth quarter worth $201,000. Institutional investors own 90.35% of the company's stock.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Standex International Stock Up 9.8 %

SXI stock traded up $14.13 during mid-day trading on Friday, hitting $158.98. The stock had a trading volume of 152,186 shares, compared to its average volume of 56,062. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66. The company has a fifty day moving average of $158.04 and a 200 day moving average of $180.80. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI - Get Free Report) last released 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 firm had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The firm's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 earnings per share. On average, equities analysts expect that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm 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 $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 9th. Standex International's payout ratio is presently 25.30%.

Wall Street Analyst Weigh In

SXI has been the topic of several analyst reports. DA Davidson lifted their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Roth Capital upgraded Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Friday. One 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $231.33.

Standex International 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.