Amalgamated Bank Reduces Position in Standex International Co. (NYSE:SXI)

Amalgamated Bank cut its holdings in shares of Standex International Co. (NYSE:SXI) by 2.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,493 shares of the industrial products company’s stock after selling 100 shares during the quarter. Amalgamated Bank’s holdings in Standex International were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SXI. GAMMA Investing LLC boosted its position in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Standex International during the second quarter valued at $32,000. US Bancorp DE boosted its position in shares of Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after buying an additional 82 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 358 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Standex International by 18,180.0% in the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 909 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SXI has been the topic of a number of recent research reports. Benchmark increased their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. DA Davidson increased their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Barrington Research reissued an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th.

Standex International Stock Up 0.0 %

NYSE SXI opened at $202.27 on Friday. The stock’s 50-day moving average price is $182.43 and its 200-day moving average price is $174.76. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. The company has a market capitalization of $2.44 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same quarter last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities research analysts predict that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. This is a boost from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the sale, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Standex International Profile

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.