Arizona State Retirement System Has $524,000 Position in Standex International Co. (NYSE:SXI)

Arizona State Retirement System lowered its position in Standex International Co. (NYSE:SXI) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,307 shares of the industrial products company’s stock after selling 82 shares during the quarter. Arizona State Retirement System’s holdings in Standex International were worth $524,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SXI. BlackRock Inc. lifted its stake in shares of Standex International by 1.1% during the 3rd quarter. BlackRock Inc. now owns 1,927,460 shares of the industrial products company’s stock worth $157,378,000 after buying an additional 20,952 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Standex International by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,397,241 shares of the industrial products company’s stock worth $114,084,000 after buying an additional 12,403 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Standex International by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 569,786 shares of the industrial products company’s stock worth $69,764,000 after buying an additional 2,787 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of Standex International by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company’s stock worth $80,129,000 after buying an additional 4,880 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Standex International by 0.6% during the 3rd quarter. State Street Corp now owns 480,861 shares of the industrial products company’s stock worth $39,262,000 after buying an additional 2,937 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

NYSE:SXI opened at $167.54 on Friday. Standex International Co. has a 52 week low of $117.24 and a 52 week high of $184.18. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 2.57 and a beta of 1.03. The firm’s 50-day simple moving average is $172.35 and its 200 day simple moving average is $154.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The business had revenue of $178.40 million for the quarter, compared to analyst estimates of $180.25 million. During the same period last year, the firm earned $1.74 earnings per share. Standex International’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, February 9th. Standex International’s dividend payout ratio is 10.33%.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the transaction, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the transaction, the director now directly owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock valued at $2,980,448 in the last ninety days. 2.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SXI has been the subject of a number of research reports. StockNews.com cut shares of Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. DA Davidson raised their target price on shares of Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Standex International currently has an average rating of “Buy” and an average target price of $195.00.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells 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.