Zurcher Kantonalbank Zurich Cantonalbank Sells 486 Shares of Standex International Co. (NYSE:SXI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Standex International Co. (NYSE:SXI) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,206 shares of the industrial products company’s stock after selling 486 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Standex International were worth $349,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Standex International in the 3rd quarter worth $655,000. Raymond James & Associates lifted its position in shares of Standex International by 4.0% in the third quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company’s stock worth $1,801,000 after buying an additional 478 shares in the last quarter. Park Avenue Securities LLC bought a new position in Standex International during the third quarter valued at approximately $293,000. Assetmark Inc. purchased a new position in Standex International during the 3rd quarter valued at approximately $1,163,000. Finally, Teacher Retirement System of Texas increased its stake in Standex International by 114.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,802 shares of the industrial products company’s stock worth $1,865,000 after acquiring an additional 6,833 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Stock Performance

NYSE:SXI opened at $174.96 on Friday. Standex International Co. has a fifty-two week low of $119.14 and a fifty-two week high of $184.18. The firm has a market capitalization of $2.08 billion, a PE ratio of 28.31, a PEG ratio of 2.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The stock’s fifty day moving average is $174.61 and its 200 day moving average is $156.44.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. The company had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.79%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. On average, sell-side analysts anticipate that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s payout ratio is currently 19.42%.

Insider Buying and Selling at Standex International

In other news, CEO David A. Dunbar sold 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the sale, the chief executive officer now directly owns 62,233 shares of the company’s stock, valued at $10,268,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barbara Joanne Edwards sold 1,661 shares of the 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 transaction, the director now owns 4,811 shares of the company’s stock, valued at $732,186.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total value of $825,000.00. Following the sale, the chief executive officer now directly owns 62,233 shares of the company’s stock, valued at $10,268,445. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock valued at $2,980,448 in the last quarter. 2.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SXI. DA Davidson increased their target price on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of Standex International in a report on Friday.

Standex International Company 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.