Mutual of America Capital Management LLC Sells 97 Shares of Standex International Corporation (NYSE:SXI)

Mutual of America Capital Management LLC decreased its position in shares of Standex International Corporation (NYSE:SXI) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,733 shares of the industrial products company’s stock after selling 97 shares during the period. Mutual of America Capital Management LLC’s holdings in Standex International were worth $280,000 at the end of the most recent quarter.

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

Standex International Trading Up 6.4%

SXI stock opened at $209.42 on Thursday. The firm has a fifty day moving average price of $165.61 and a 200 day moving average price of $164.62. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The firm has a market cap of $2.53 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. Standex International’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. Sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 8th. Standex International’s payout ratio is presently 27.59%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SXI shares. DA Davidson lifted their price objective on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Roth Capital reissued a “buy” rating and issued a $205.00 target price (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research reissued an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.50.

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.