Standex International Co. (NYSE:SXI) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its position in Standex International Co. (NYSE:SXI) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,392 shares of the industrial products company’s stock after selling 2,776 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Standex International were worth $10,919,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Copeland Capital Management LLC boosted its holdings in shares of Standex International by 0.8% in the third 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 in the last quarter. State Street Corp boosted its holdings in Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares in the last quarter. Wasatch Advisors LP increased its position 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 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 third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after acquiring an additional 9,119 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after acquiring an additional 3,844 shares during the period. 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 1,600 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now directly owns 18,086 shares in the company, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares of the company’s stock, 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. 2.10% of the stock is owned by company insiders.

Standex International Stock Performance

Standex International stock opened at $192.41 on Friday. Standex International Co. has a fifty-two week low of $151.40 and a fifty-two week high of $212.65. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 2.68 and a beta of 1.06. The stock has a fifty day moving average of $192.59 and a two-hundred day moving average of $185.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.83 and a current ratio of 3.37.

Standex International (NYSE:SXI) last posted its quarterly earnings data 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%. On average, analysts anticipate that Standex International Co. will post 8 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, February 14th. Standex International’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

Several analysts recently commented on SXI shares. DA Davidson raised their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Benchmark boosted their price objective 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. Finally, Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday, February 3rd.

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.