Hanson & Doremus Investment Management Grows Position in Standex International Co. (NYSE:SXI)

Hanson & Doremus Investment Management lifted its holdings in shares of Standex International Co. (NYSE:SXI) by 117.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 926 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Standex International were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SXI. Wasatch Advisors LP boosted its holdings in Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after acquiring an additional 90,770 shares during the period. Millennium Management LLC purchased a new position in Standex International during the 2nd quarter valued at about $4,299,000. State Street Corp boosted its holdings in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after acquiring an additional 23,786 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Standex International during the 3rd quarter valued at about $2,821,000. Finally, Raymond James & Associates boosted its holdings in Standex International by 32.3% during the 3rd quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock valued at $8,616,000 after acquiring an additional 11,516 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SXI shares. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Tuesday. Benchmark lifted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Insider Transactions at Standex International

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

Standex International Stock Performance

Shares of SXI opened at $186.74 on Friday. The stock has a 50-day simple moving average of $194.70 and a 200-day simple moving average of $185.47. 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 stock has a market capitalization of $2.26 billion, a PE ratio of 30.61, a PEG ratio of 2.72 and a beta of 1.07. Standex International Co. has a 1 year low of $141.90 and a 1 year high of $212.65.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.18% and a net margin of 10.26%. On average, analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 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.