Rodgers Brothers Inc. Buys New Shares in Standex International Co. (NYSE:SXI)

Rodgers Brothers Inc. bought a new stake in shares of Standex International Co. (NYSE:SXI) during the first quarter, Holdings Channel reports. The institutional investor bought 4,000 shares of the industrial products company’s stock, valued at approximately $729,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Standex International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock worth $224,255,000 after buying an additional 9,166 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Standex International by 4.6% during the first quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock worth $116,104,000 after buying an additional 27,990 shares during the last quarter. Wasatch Advisors LP acquired a new position in Standex International during the first quarter worth $52,565,000. Goldman Sachs Group Inc. raised its holdings in Standex International by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock worth $29,836,000 after buying an additional 10,670 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Standex International by 3.4% during the fourth quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock worth $24,185,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 0.9 %

Shares of SXI stock traded up $1.59 on Friday, hitting $186.87. The stock had a trading volume of 59,202 shares, compared to its average volume of 62,974. The business has a 50 day moving average of $167.76 and a 200 day moving average of $166.82. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. The company had revenue of $177.30 million during the quarter, compared to analyst estimates of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. As a group, analysts expect that Standex International Co. will post 7.1 EPS for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.20 annualized dividend and a yield of 0.64%. Standex International’s payout ratio is currently 19.42%.

Wall Street Analyst Weigh In

SXI has been the topic of several research reports. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of Standex International in a report on Friday, May 3rd. DA Davidson increased their target price on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Standex International in a report on Tuesday, May 28th.

Insiders Place Their Bets

In other Standex International news, Director Charles H. Cannon, Jr. sold 2,460 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now owns 862 shares in the company, valued at $153,453.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.28% of the company’s stock.

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.