Standex International Co. (NYSE:SXI) Shares Sold by Pflug Koory LLC

Pflug Koory LLC decreased its holdings in shares of Standex International Co. (NYSE:SXI) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,065 shares of the industrial products company’s stock after selling 1,035 shares during the period. Standex International makes up 0.9% of Pflug Koory LLC’s portfolio, making the stock its 26th biggest holding. Pflug Koory LLC owned 0.08% of Standex International worth $1,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 64 shares during the period. GAMMA Investing LLC raised its holdings in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. US Bancorp DE boosted its stake in shares of Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 82 shares in the last quarter. Inspire Investing LLC grew its holdings in Standex International by 3.7% during the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 90 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Standex International by 1.9% during the 4th quarter. Diversified Trust Co now owns 5,872 shares of the industrial products company’s stock worth $1,098,000 after acquiring an additional 110 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the sale, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. This represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock worth $1,359,419 in the last quarter. 2.10% of the stock is owned by company insiders.

Standex International Price Performance

SXI opened at $190.83 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The company’s 50 day simple moving average is $195.95 and its 200-day simple moving average is $184.98. Standex International Co. has a one year low of $141.90 and a one year high of $212.65. The stock has a market capitalization of $2.31 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07.

Standex International (NYSE:SXI) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 earnings per share. Sell-side analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.67%. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark boosted their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Wednesday, October 30th.

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.