Louisiana State Employees Retirement System Acquires New Holdings in Standex International Co. (NYSE:SXI)

Louisiana State Employees Retirement System acquired a new stake in Standex International Co. (NYSE:SXI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,000 shares of the industrial products company’s stock, valued at approximately $950,000. Louisiana State Employees Retirement System owned about 0.05% of Standex International at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Copeland Capital Management LLC raised its holdings in Standex International by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company’s stock worth $80,129,000 after purchasing an additional 4,880 shares during the last quarter. Northern Trust Corp increased its stake in shares of Standex International by 1.9% in the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company’s stock valued at $36,683,000 after acquiring an additional 4,742 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Standex International by 20.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 147,700 shares of the industrial products company’s stock valued at $21,518,000 after acquiring an additional 25,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Standex International by 37.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock valued at $11,700,000 after acquiring an additional 21,831 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Standex International by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 51,824 shares of the industrial products company’s stock valued at $7,550,000 after acquiring an additional 3,560 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

NYSE SXI opened at $171.74 on Friday. The company has a fifty day simple moving average of $173.06 and a 200 day simple moving average of $155.29. Standex International Co. has a 12-month low of $117.24 and a 12-month high of $184.18. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.04 billion, a P/E ratio of 14.78, a PEG ratio of 2.65 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The business had revenue of $178.40 million during the quarter, compared to the consensus estimate of $180.25 million. During the same quarter last year, the firm posted $1.74 EPS. Standex International’s revenue was down 5.0% compared to the same quarter last year. Sell-side analysts predict that Standex International Co. will post 7.23 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.70%. Standex International’s payout ratio is currently 10.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SXI. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. DA Davidson lifted their price objective on shares of Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Standex International currently has a consensus rating of “Buy” and a consensus target price of $195.00.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 2,200 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the completion of the sale, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Barbara Joanne Edwards sold 1,661 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the transaction, the director now directly owns 4,811 shares of the company’s stock, valued at $732,186.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 2,200 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now directly owns 11,370 shares of the company’s stock, valued at $1,831,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,084 shares of company stock valued at $2,980,448. 2.28% of the stock is owned by company insiders.

Standex International Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.