B. Metzler seel. Sohn & Co. Holding AG Takes Position in Standex International Co. (NYSE:SXI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Standex International Co. (NYSE:SXI) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 8,150 shares of the industrial products company’s stock, valued at approximately $1,490,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in shares of Standex International by 292.6% during the second quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock valued at $843,000 after buying an additional 3,900 shares during the period. Boston Partners purchased a new position in Standex International during the 1st quarter valued at about $691,000. SG Americas Securities LLC bought a new stake in shares of Standex International in the 2nd quarter valued at about $743,000. Envestnet Asset Management Inc. lifted its position in shares of Standex International by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock worth $15,901,000 after purchasing an additional 4,768 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Standex International during the second quarter valued at approximately $4,299,000. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on SXI shares. DA Davidson boosted their price objective on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Benchmark upped their price objective on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th.

Standex International Stock Performance

Shares of Standex International stock opened at $204.55 on Friday. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. The firm has a market capitalization of $2.47 billion, a P/E ratio of 33.53, a PEG ratio of 2.89 and a beta of 1.03. The company has a 50 day moving average price of $185.95 and a 200 day moving average price of $175.77.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. Standex International’s dividend payout ratio is presently 20.98%.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $3,613,763.66. This represents a 8.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction dated Monday, November 11th. The shares were 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 owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 over the last ninety days. Company insiders own 2.10% of the company’s stock.

About Standex International

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.