Truist Financial Corp Buys 541 Shares of Standex International Co. (NYSE:SXI)

Truist Financial Corp increased its stake in shares of Standex International Co. (NYSE:SXI) by 10.6% during the 4th quarter, Holdings Channel reports. The fund owned 5,624 shares of the industrial products company’s stock after acquiring an additional 541 shares during the period. Truist Financial Corp’s holdings in Standex International were worth $1,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Standex International by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after buying an additional 3,224 shares during the last quarter. Principal Securities Inc. raised its holdings in Standex International by 15.0% during the fourth quarter. Principal Securities Inc. now owns 1,109 shares of the industrial products company’s stock worth $207,000 after buying an additional 145 shares during the last quarter. Rhumbline Advisers raised its holdings in Standex International by 1.5% during the fourth quarter. Rhumbline Advisers now owns 33,793 shares of the industrial products company’s stock worth $6,319,000 after buying an additional 505 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Standex International by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company’s stock worth $1,085,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Standex International by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after buying an additional 100 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Stock Performance

Shares of SXI stock opened at $185.60 on Friday. The firm has a 50-day moving average of $188.40 and a 200-day moving average of $186.95. The company has a market cap of $2.21 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. Standex International Co. has a one year low of $154.45 and a one year high of $212.65.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities research analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Ratings Changes

Several research analysts have weighed in on SXI shares. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, DA Davidson increased their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate 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.