Barclays PLC Purchases 10,159 Shares of Standex International Co. (NYSE:SXI)

Barclays PLC raised its position in shares of Standex International Co. (NYSE:SXI) by 80.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,752 shares of the industrial products company’s stock after purchasing an additional 10,159 shares during the period. Barclays PLC owned about 0.19% of Standex International worth $4,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Raymond James & Associates lifted its position in shares of Standex International by 5.2% in the 2nd quarter. Raymond James & Associates now owns 35,622 shares of the industrial products company’s stock worth $5,740,000 after purchasing an additional 1,764 shares during the period. Fifth Third Bancorp lifted its holdings in Standex International by 95.5% during the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after buying an additional 358 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Standex International by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the industrial products company’s stock worth $967,000 after buying an additional 100 shares during the period. Raymond James Trust N.A. boosted its position in Standex International by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock valued at $708,000 after acquiring an additional 82 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of Standex International in the 2nd quarter valued at $216,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the completion of the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock valued at $1,359,419 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Standex International Stock Down 1.0 %

Shares of SXI stock opened at $189.99 on Monday. The stock’s fifty day moving average price is $196.16 and its 200 day moving average price is $180.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International Co. has a 1-year low of $140.04 and a 1-year high of $212.65. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05.

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

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.32 per share. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, November 8th. Standex International’s payout ratio is presently 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.