Standex International Co. (NYSE:SXI) Shares Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management grew its stake in Standex International Co. (NYSE:SXI) by 117.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 926 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Hanson & Doremus Investment Management’s holdings in Standex International were worth $173,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Standex International in the third quarter valued at approximately $44,000. Versant Capital Management Inc increased its holdings in shares of 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. KBC Group NV increased its holdings in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 172 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,061 shares of company stock worth $1,359,419. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Benchmark lifted their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research note on Tuesday.

Standex International Stock Up 0.9 %

SXI opened at $186.74 on Friday. The business’s fifty day moving average is $194.70 and its two-hundred day moving average is $185.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.72 and a beta of 1.07. Standex International Co. has a one year low of $141.90 and a one year high of $212.65.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.18% and a net margin of 10.26%. Analysts anticipate that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International’s payout ratio is 20.98%.

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.