Comerica Bank Sells 163 Shares of Standex International Corporation $SXI

Comerica Bank trimmed its position in shares of Standex International Corporation (NYSE:SXI) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,915 shares of the industrial products company’s stock after selling 163 shares during the quarter. Comerica Bank’s holdings in Standex International were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Standex International by 1.6% during the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company’s stock worth $10,361,000 after buying an additional 1,003 shares during the last quarter. Invesco Ltd. lifted its position in shares of Standex International by 30.2% during the first quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company’s stock worth $11,934,000 after purchasing an additional 17,139 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Standex International by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock worth $727,000 after purchasing an additional 168 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Standex International by 46.5% during the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company’s stock worth $1,938,000 after purchasing an additional 3,289 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 157 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Trading Up 1.7%

Shares of Standex International stock opened at $209.37 on Friday. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.65. The stock has a market cap of $2.53 billion, a P/E ratio of 45.12, a P/E/G ratio of 2.63 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $182.45 and its 200-day moving average is $166.46.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business had revenue of $222.05 million during the quarter, compared to analysts’ expectations of $214.44 million. During the same quarter last year, the company posted $1.76 earnings per share. Standex International’s quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Standex International’s dividend payout ratio (DPR) is presently 27.59%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Roth Capital reaffirmed a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a research note on Monday, August 4th. DA Davidson upped their target price on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note 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 research report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $223.50.

Insider Transactions at Standex International

In related news, CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction dated 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 owned 115,576 shares in the company, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of Standex International stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director owned 8,439 shares of the company’s stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

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.