Harbor Capital Advisors Inc. Acquires 5,994 Shares of Standex International Co. (NYSE:SXI)

Harbor Capital Advisors Inc. raised its holdings in Standex International Co. (NYSE:SXI) by 114.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,227 shares of the industrial products company’s stock after purchasing an additional 5,994 shares during the period. Harbor Capital Advisors Inc.’s holdings in Standex International were worth $2,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its position 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 buying an additional 82 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 909 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after acquiring an additional 4,281 shares during the period. Raymond James & Associates grew its holdings in shares of Standex International by 32.3% during the 3rd quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after purchasing an additional 11,516 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Standex International in the third quarter worth $208,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analysts Set New Price Targets

SXI has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. Benchmark increased their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, DA Davidson raised their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th.

Standex International Stock Up 1.2 %

SXI stock opened at $182.29 on Tuesday. The firm has a 50-day moving average price of $176.76 and a 200-day moving average price of $172.68. Standex International Co. has a 12 month low of $130.04 and a 12 month high of $191.18. The company has a current ratio of 3.55, a quick ratio of 2.69 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.17 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 2.67 and a beta of 1.03.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 EPS. As a group, equities research analysts anticipate that Standex International Co. will post 7.65 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s payout ratio is currently 20.98%.

Standex International Company 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.