Voya Investment Management LLC Has $1.42 Million Stock Holdings in Standex International Co. (NYSE:SXI)

Voya Investment Management LLC lowered its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,609 shares of the industrial products company's stock after selling 1,831 shares during the period. Voya Investment Management LLC owned 0.06% of Standex International worth $1,423,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC boosted its position 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 worth $96,000 after buying an additional 330 shares during the period. KBC Group NV grew its holdings in Standex International by 45.7% in the 4th 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 raised its stake in Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after acquiring an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International during the 4th quarter worth $201,000. Institutional investors own 90.35% of the company's stock.

Wall Street Analyst Weigh In

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

Standex International Price Performance

Shares of NYSE SXI traded up $0.49 during trading on Friday, hitting $153.98. The company had a trading volume of 57,474 shares, compared to its average volume of 56,192. The company has a market cap of $1.86 billion, a P/E ratio of 33.62, a PEG ratio of 2.63 and a beta of 1.08. 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 50-day moving average is $155.20 and its 200 day moving average is $180.00. 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 posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The business's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 earnings per share. 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 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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, May 9th. Standex International's dividend payout ratio is 25.30%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company's stock, 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 filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company's stock.

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.