Charles Schwab Investment Management Inc. Boosts Stake in Standex International Co. (NYSE:SXI)

Charles Schwab Investment Management Inc. raised its holdings in Standex International Co. (NYSE:SXI) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,895 shares of the industrial products company’s stock after purchasing an additional 5,012 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Standex International were worth $27,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXI. Versant Capital Management Inc grew its stake in shares of Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 330 shares during the last quarter. KBC Group NV grew its stake in Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the period. Hanson & Doremus Investment Management grew its stake in shares of Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after buying an additional 500 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Standex International during the fourth quarter worth about $201,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Trading Down 1.4 %

Shares of SXI opened at $174.18 on Tuesday. The stock’s 50-day moving average price is $186.65 and its 200 day moving average price is $187.82. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 2.63 and a beta of 1.02. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.66.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating 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%. As a group, research analysts predict that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.73%. Standex International’s dividend payout ratio is currently 27.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SXI shares. DA Davidson lifted their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.33.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Standex International Company 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.