Standex International Corporation $SXI Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Standex International Corporation (NYSE:SXI) by 41.3% during the 3rd quarter, Holdings Channel reports. The firm owned 33,430 shares of the industrial products company’s stock after purchasing an additional 9,769 shares during the quarter. ProShare Advisors LLC’s holdings in Standex International were worth $9,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cedar Mountain Advisors LLC purchased a new stake in Standex International in the first quarter valued at approximately $29,000. State of Wyoming bought a new stake in Standex International during the first quarter valued at approximately $37,000. Transamerica Financial Advisors LLC purchased a new position in Standex International in the 2nd quarter worth approximately $42,000. Allworth Financial LP purchased a new position in Standex International in the 2nd quarter worth approximately $46,000. Finally, Persistent Asset Partners Ltd purchased a new position in Standex International in the 2nd quarter worth approximately $60,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Stock Performance

NYSE:SXI opened at $258.37 on Wednesday. The business has a 50 day moving average of $271.58 and a 200 day moving average of $277.72. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.82 and a beta of 1.07. Standex International Corporation has a 1-year low of $215.62 and a 1-year high of $363.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.19 and a quick ratio of 2.30.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, October 29th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Standex International had a return on equity of 14.84% and a net margin of 12.54%. The business had revenue of $232.57 million during the quarter, compared to analyst estimates of $229.65 million. During the same quarter in the prior year, the firm earned $1.99 earnings per share. Standex International’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Standex International Corporation will post 9.99 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th. This is a positive change from Standex International’s previous quarterly dividend of $0.34. Standex International’s dividend payout ratio (DPR) is presently 14.47%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. JPMorgan Chase & Co. started coverage on shares of Standex International in a report on Wednesday, October 14th. They set a “neutral” rating and a $320.00 price objective for the company. Finally, Weiss Ratings lowered shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $304.00.

Insider Buying and Selling at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the sale, the chief executive officer owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Standex International Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.