PNC Financial Services Group Inc. Has $759,000 Holdings in Standex International Co. (NYSE:SXI)

PNC Financial Services Group Inc. lifted its position in Standex International Co. (NYSE:SXI) by 97.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,058 shares of the industrial products company’s stock after buying an additional 2,004 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Standex International were worth $759,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Standex International Stock 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 two-hundred day moving average price is $187.82. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.66. The company has a market capitalization of $2.07 billion, a PE ratio of 38.03, a PEG ratio of 2.63 and a beta of 1.02. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

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

Standex International Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.