Maryland State Retirement & Pension System Purchases 66 Shares of Standex International Co. (NYSE:SXI)

Maryland State Retirement & Pension System increased its position in Standex International Co. (NYSE:SXI) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,069 shares of the industrial products company’s stock after buying an additional 66 shares during the period. Maryland State Retirement & Pension System’s holdings in Standex International were worth $761,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after acquiring an additional 23,786 shares during the period. Wasatch Advisors LP boosted its stake in Standex International by 24.6% in the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after purchasing an additional 90,770 shares during the period. Geode Capital Management LLC grew its holdings in Standex International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock valued at $56,345,000 after buying an additional 9,119 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company’s stock worth $27,842,000 after buying an additional 5,012 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Standex International by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after acquiring an additional 3,224 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Standex International Stock Up 2.6 %

Shares of NYSE:SXI opened at $169.03 on Tuesday. The company has a 50-day moving average price of $185.34 and a 200 day moving average price of $187.65. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.66. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, equities research analysts predict that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Friday, February 28th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. DA Davidson lifted their price objective on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $231.33.

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.