Wasatch Advisors LP Increases Stock Holdings in Standex International Co. (NYSE:SXI)

Wasatch Advisors LP boosted its stake in Standex International Co. (NYSE:SXI - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,446 shares of the industrial products company's stock after purchasing an additional 64,373 shares during the period. Wasatch Advisors LP owned about 4.41% of Standex International worth $98,066,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position 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 buying an additional 64 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 buying an additional 330 shares during the period. KBC Group NV increased its holdings in shares of 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 during the last quarter. Hanson & Doremus Investment Management raised its position 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 valued at $173,000 after purchasing an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new position in shares of Standex International during the 4th quarter valued at about $201,000. Institutional investors own 90.35% of the company's stock.

Standex International Price Performance

Shares of NYSE:SXI traded down $6.23 on Monday, reaching $130.00. The company's stock had a trading volume of 27,265 shares, compared to its average volume of 54,753. Standex International Co. has a 52-week low of $129.53 and a 52-week high of $212.66. 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 company has a 50-day simple moving average of $167.80 and a 200 day simple moving average of $183.55. The company has a market cap of $1.55 billion, a P/E ratio of 28.38, a PEG ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (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%. As a group, equities research analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Standex International's dividend payout ratio is presently 27.95%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SXI. DA Davidson raised their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Barrington Research reiterated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. Finally, StockNews.com downgraded shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. 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 company. According to data from MarketBeat.com, Standex International has a consensus rating of "Buy" and a consensus target price of $231.33.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents 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 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.