Assetmark Inc. Has $1.74 Million Stock Position in Standex International Corporation (NYSE:SXI)

Assetmark Inc. raised its position in Standex International Corporation (NYSE:SXI) by 8.4% in the 1st quarter, HoldingsChannel reports. The fund owned 10,800 shares of the industrial products company’s stock after purchasing an additional 841 shares during the period. Assetmark Inc.’s holdings in Standex International were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its holdings in shares of Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock worth $35,000 after buying an additional 69 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock worth $61,000 after buying an additional 78 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Standex International by 6.8% in the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company’s stock worth $228,000 after buying an additional 90 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its holdings in shares of Standex International by 3.4% in the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company’s stock worth $565,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director directly owned 5,259 shares in the company, valued at $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Standex International Stock Up 0.2%

Shares of SXI opened at $165.63 on Thursday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40. The business’s fifty day moving average price is $157.61 and its two-hundred day moving average price is $164.54. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.65.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The business had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same period last year, the company earned $1.75 EPS. The firm’s revenue was up 17.2% on a year-over-year basis. On average, analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.77%. Standex International’s dividend payout ratio is currently 25.30%.

Wall Street Analyst Weigh In

SXI has been the topic of a number of research analyst reports. Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. DA Davidson decreased their price target on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st. Finally, Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Tuesday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $223.33.

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.