Atria Wealth Solutions Inc. Increases Position in Standex International Co. (NYSE:SXI)

Atria Wealth Solutions Inc. lifted its holdings in Standex International Co. (NYSE:SXI) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,175 shares of the industrial products company’s stock after buying an additional 108 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Standex International were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Standex International in the fourth quarter worth $26,000. Pacer Advisors Inc. purchased a new stake in Standex International in the 4th quarter valued at about $28,000. International Assets Investment Management LLC grew its stake in Standex International by 15,740.0% in the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 787 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Standex International during the third quarter worth approximately $203,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Standex International during the third quarter valued at approximately $249,000. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. DA Davidson increased their price objective on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Finally, Benchmark restated a “buy” rating and set a $190.00 price objective on shares of Standex International in a research note on Friday.

Standex International Stock Performance

SXI opened at $174.96 on Monday. The company has a market cap of $2.08 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06. Standex International Co. has a 52-week low of $119.14 and a 52-week high of $184.18. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $174.61 and its 200-day moving average price is $156.50.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Insider Buying and Selling

In other news, CEO David A. Dunbar sold 4,901 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the transaction, the chief executive officer now owns 57,332 shares in the company, valued at approximately $10,319,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Barbara Joanne Edwards sold 1,661 shares of the business’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 transaction of $252,787.59. Following the transaction, the director now directly owns 4,811 shares in the company, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the sale, the chief executive officer now owns 57,332 shares of the company’s stock, valued at $10,319,760. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock valued at $2,980,448 over the last ninety days. Company insiders own 2.63% of the company’s stock.

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.