Knights of Columbus Asset Advisors LLC Increases Position in Standex International Co. (NYSE:SXI)

Knights of Columbus Asset Advisors LLC grew its holdings in shares of Standex International Co. (NYSE:SXI) by 99.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,532 shares of the industrial products company’s stock after purchasing an additional 21,182 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Standex International were worth $6,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its position in Standex International by 8.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 80 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Standex International by 3.7% during the third quarter. Atria Wealth Solutions Inc. now owns 3,067 shares of the industrial products company’s stock valued at $447,000 after buying an additional 110 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Standex International by 7.5% during the third quarter. HighTower Advisors LLC now owns 1,673 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 116 shares in the last quarter. Legato Capital Management LLC raised its holdings in Standex International by 3.0% in the 2nd quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 124 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Standex International by 1.7% in the 1st quarter. Captrust Financial Advisors now owns 8,022 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 131 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on SXI. DA Davidson lifted their target price on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $195.00.

Insider Transactions at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares of the company’s stock, valued at $732,186.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Standex International news, VP Alan J. Glass sold 1,619 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the sale, the vice president now owns 19,224 shares in the company, valued at approximately $2,939,734.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the transaction, the director now owns 4,811 shares in the company, valued at $732,186.09. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock worth $2,980,448 in the last 90 days. 2.28% of the stock is currently owned by insiders.

Standex International Stock Performance

Shares of SXI stock traded up $1.27 on Friday, reaching $168.12. The stock had a trading volume of 9,055 shares, compared to its average volume of 66,834. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. Standex International Co. has a 1 year low of $117.24 and a 1 year high of $184.18. The stock has a market cap of $2.00 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. The company has a 50 day simple moving average of $172.11 and a 200 day simple moving average of $154.67.

Standex International (NYSE:SXI) last announced its earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The business had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. Equities research analysts expect that Standex International Co. will post 7.23 EPS for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were given a $0.30 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.20 annualized dividend and a yield of 0.71%. Standex International’s payout ratio is presently 10.33%.

Standex International Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.