Bridgeway Capital Management LLC Sells 2,000 Shares of Standex International Co. (NYSE:SXI)

Bridgeway Capital Management LLC lowered its stake in shares of Standex International Co. (NYSE:SXI) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,800 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. Bridgeway Capital Management LLC owned 0.19% of Standex International worth $4,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SXI. Maryland State Retirement & Pension System raised its stake in shares of Standex International by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company’s stock valued at $761,000 after acquiring an additional 66 shares during the period. Keeley Teton Advisors LLC grew its holdings in Standex International by 3.4% during the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Standex International by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company’s stock worth $1,085,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue lifted its stake in Standex International by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company’s stock valued at $540,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. Roth Capital raised shares of Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, DA Davidson reduced their target price on shares of Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $223.33.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Standex International Stock Performance

Shares of SXI stock opened at $152.28 on Thursday. The business has a fifty day moving average of $156.27 and a 200 day moving average of $180.30. Standex International Co. has a 1 year low of $128.85 and a 1 year high of $212.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The firm had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, research analysts expect that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, May 9th. Standex International’s dividend payout ratio (DPR) is currently 25.30%.

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.