Norges Bank Purchases Shares of 38,088 Standex International Co. (NYSE:SXI)

Norges Bank acquired a new position in shares of Standex International Co. (NYSE:SXI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,088 shares of the industrial products company’s stock, valued at approximately $7,122,000. Norges Bank owned approximately 0.32% of Standex International at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Walleye Capital LLC purchased a new position in Standex International during the third quarter worth $250,000. State Street Corp boosted its stake in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after acquiring an additional 23,786 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 330 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Standex International by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock valued at $6,043,000 after purchasing an additional 276 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Standex International by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 29,782 shares of the industrial products company’s stock valued at $5,444,000 after purchasing an additional 2,566 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Price Performance

SXI opened at $133.61 on Wednesday. Standex International Co. has a 1 year low of $130.05 and a 1 year high of $212.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The company’s 50 day simple moving average is $176.86 and its 200 day simple moving average is $186.03. The stock has a market capitalization of $1.59 billion, a PE ratio of 29.17, a P/E/G ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Standex International Co. will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.96%. Standex International’s dividend payout ratio is presently 27.95%.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

SXI has been the subject of a number of recent research reports. DA Davidson lifted their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barrington Research reissued an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Friday, February 28th. Finally, William Blair restated an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Standex International currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.33.

Standex International 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.