LPL Financial LLC Grows Stock Position in Standex International Co. (NYSE:SXI)

LPL Financial LLC raised its holdings in Standex International Co. (NYSE:SXI) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,807 shares of the industrial products company’s stock after buying an additional 853 shares during the quarter. LPL Financial LLC’s holdings in Standex International were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SXI. Versant Capital Management Inc grew its holdings in Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Standex International by 183.3% in the 4th 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 grew 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 valued at $102,000 after buying an additional 172 shares during the period. Hanson & Doremus Investment Management increased 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 last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Standex International during the 4th quarter worth $201,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SXI. DA Davidson upped their price target on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. William Blair reissued an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $231.33.

Standex International Price Performance

Shares of NYSE:SXI opened at $135.66 on Monday. The firm’s 50 day moving average is $167.80 and its two-hundred day moving average is $183.55. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.61 billion, a P/E ratio of 29.62, a PEG ratio of 2.63 and a beta of 0.95. Standex International Co. has a 52 week low of $130.05 and a 52 week high of $212.66.

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

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

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.