Standex International Co. (NYSE:SXI) Shares Acquired by apricus wealth LLC

apricus wealth LLC lifted its position in shares of Standex International Co. (NYSE:SXI) by 41.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,251 shares of the industrial products company’s stock after acquiring an additional 654 shares during the period. apricus wealth LLC’s holdings in Standex International were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Standex International by 65.1% during the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company’s stock valued at $14,965,000 after acquiring an additional 31,560 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 330 shares in the last quarter. Cetera Investment Advisers grew its stake in Standex International by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock worth $727,000 after buying an additional 168 shares during the last quarter. Deutsche Bank AG grew its stake in Standex International by 46.5% during the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company’s stock worth $1,938,000 after buying an additional 3,289 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Standex International by 16.8% during the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company’s stock worth $2,172,000 after buying an additional 1,673 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on SXI shares. Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. William Blair restated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. DA Davidson lowered their price objective on Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Finally, Roth Capital upgraded Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $223.33.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 355 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the transaction, the director now directly owns 5,259 shares of the company’s stock, valued at approximately $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.

Standex International Stock Performance

NYSE:SXI opened at $154.34 on Thursday. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $147.26 and a 200-day moving average of $173.42. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. During the same period in the prior year, the business posted $1.75 earnings per share. Standex International’s revenue was up 17.2% compared to the same quarter last year. Analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, May 9th. Standex International’s dividend payout ratio is 25.30%.

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.