Standex International Corporation $SXI Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Standex International Corporation (NYSE:SXI) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,731 shares of the industrial products company’s stock after purchasing an additional 1,117 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Standex International were worth $2,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its position in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 193 shares during the last quarter. Whittier Trust Co. lifted its position in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc lifted its position in Standex International by 25.9% in the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 78 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Standex International by 25.2% in the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $202.81 on Monday. The company has a 50-day simple moving average of $167.63 and a 200-day simple moving average of $164.55. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 2.58 and a beta of 1.11.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same period in the previous year, the business posted $1.76 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. On average, analysts predict that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International’s payout ratio is 27.59%.

Insider Activity

In other news, CEO David A. Dunbar sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson boosted their price target on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Roth Capital reaffirmed a “buy” rating and issued a $205.00 target price (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Tuesday, July 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.50.

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.