Wakefield Asset Management LLLP Invests $1.01 Million in Standex International Co. (NYSE:SXI)

Wakefield Asset Management LLLP bought a new stake in Standex International Co. (NYSE:SXI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,392 shares of the industrial products company’s stock, valued at approximately $1,008,000.

A number of other large investors also recently made changes to their positions in SXI. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter valued at $44,000. Versant Capital Management Inc boosted its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 64 shares during the period. KBC Group NV grew its stake in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 172 shares in the last quarter. US Bancorp DE grew its stake in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Standex International by 18,180.0% during the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 909 shares during the period. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Down 1.4 %

Standex International stock opened at $184.25 on Friday. The firm’s fifty day moving average is $188.48 and its 200 day moving average is $186.81. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $2.19 billion, a PE ratio of 40.23, a PEG ratio of 2.63 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, sell-side analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed 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. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is 27.95%.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.