Atria Wealth Solutions Inc. Has $279,000 Stock Position in Standex International Corporation (NYSE:SXI)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Standex International Corporation (NYSE:SXI) by 24.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,727 shares of the industrial products company’s stock after selling 545 shares during the period. Atria Wealth Solutions Inc.’s holdings in Standex International were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SXI. Whipplewood Advisors LLC increased its position in Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 193 shares during the last quarter. Whittier Trust Co. increased its position in 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 purchasing an additional 69 shares during the last quarter. TD Private Client Wealth LLC increased its position in 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 purchasing an additional 76 shares during the last quarter. Versant Capital Management Inc increased its position in 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 purchasing an additional 78 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

Shares of NYSE SXI opened at $202.81 on Friday. The business’s 50-day simple moving average is $167.63 and its 200-day simple moving average is $164.85. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.65. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 43.71, a P/E/G ratio of 2.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%. The firm had revenue of $222.05 million during the quarter, compared to the consensus estimate of $214.44 million. During the same quarter in the prior year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International’s dividend payout ratio (DPR) is 27.59%.

Insider Activity at Standex International

In other Standex International news, CEO David A. Dunbar sold 16,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.