Raymond James Trust N.A. Boosts Stake in Standex International Co. (NYSE:SXI)

Raymond James Trust N.A. raised its position in Standex International Co. (NYSE:SXI) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,740 shares of the industrial products company’s stock after buying an additional 347 shares during the period. Raymond James Trust N.A.’s holdings in Standex International were worth $866,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXI. O Shaughnessy Asset Management LLC purchased a new stake in Standex International in the 1st quarter valued at about $243,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Standex International by 8.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 10,272 shares of the industrial products company’s stock worth $1,869,000 after purchasing an additional 769 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Standex International by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,322 shares of the industrial products company’s stock worth $1,335,000 after purchasing an additional 429 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Standex International during the 1st quarter worth approximately $210,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Standex International during the 1st quarter worth approximately $213,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $1,359,419 in the last 90 days. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SXI shares. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th. DA Davidson raised their price target on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Benchmark lifted their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Standex International Stock Performance

NYSE SXI opened at $204.62 on Monday. Standex International Co. has a 52-week low of $131.96 and a 52-week high of $211.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company has a market capitalization of $2.47 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a fifty day moving average of $185.95 and a 200-day moving average of $175.85.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same period in the previous year, the firm posted $1.74 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts predict that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.32 per share. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, November 8th. Standex International’s payout ratio is currently 20.98%.

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.