Bryn Mawr Capital Management LLC Buys New Shares in Standex International Co. (NYSE:SXI)

Bryn Mawr Capital Management LLC purchased a new position in Standex International Co. (NYSE:SXI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,073 shares of the industrial products company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in SXI. State Street Corp lifted its stake in shares of Standex International by 5.1% in the 3rd 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. Wasatch Advisors LP lifted its position in Standex International by 24.6% in the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after purchasing an additional 90,770 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Standex International by 3.0% during the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock valued at $56,345,000 after purchasing an additional 9,119 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after purchasing an additional 3,844 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Standex International by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after buying an additional 3,224 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SXI. DA Davidson increased their price target on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Monday, February 3rd.

Standex International Stock Performance

NYSE:SXI opened at $184.25 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a twelve month low of $154.45 and a twelve month high of $212.65. The stock has a market cap of $2.19 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The firm’s fifty day simple moving average is $188.48 and its 200 day simple moving average is $186.81.

Standex International (NYSE:SXI) last announced its 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, research analysts predict that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

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 issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Standex International’s dividend payout ratio (DPR) is 27.95%.

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.