Dynamic Technology Lab Private Ltd Makes New $341,000 Investment in Standex International Corporation $SXI

Dynamic Technology Lab Private Ltd purchased a new position in Standex International Corporation (NYSE:SXI – Free Report) during the first quarter, HoldingsChannel reports. The institutional investor purchased 2,115 shares of the industrial products company’s stock, valued at approximately $341,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Standex International by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company’s stock worth $10,361,000 after buying an additional 1,003 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in Standex International by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company’s stock worth $95,309,000 after buying an additional 6,121 shares during the last quarter. Invesco Ltd. boosted its stake in Standex International by 30.2% in the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company’s stock worth $11,934,000 after buying an additional 17,139 shares during the last quarter. Cetera Investment Advisers boosted its stake in Standex International by 4.5% in the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock worth $727,000 after buying an additional 168 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Standex International by 46.5% in the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company’s stock worth $1,938,000 after buying an additional 3,289 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.
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Insider Activity
In related news, CEO David A. Dunbar sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the sale, the director owned 8,439 shares in the company, valued at approximately $1,709,741.40. The trade was a 26.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on SXI shares. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. DA Davidson lifted their price objective on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $205.00 price objective (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $223.50.
View Our Latest Stock Analysis on SXI
Standex International Stock Performance
Shares of NYSE:SXI opened at $204.37 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of 44.04, a PEG ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The business’s 50-day simple moving average is $186.41 and its 200 day simple moving average is $167.00.
Standex International (NYSE:SXI – Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. On average, sell-side analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.
Standex International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International’s dividend payout ratio (DPR) is presently 27.59%.
Standex International Profile
(Free Report)
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.
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