Cove Street Capital LLC Sells 339 Shares of Standex International Co. (NYSE:SXI)

Cove Street Capital LLC cut its holdings in shares of Standex International Co. (NYSE:SXIFree Report) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,200 shares of the industrial products company’s stock after selling 339 shares during the quarter. Standex International comprises 1.6% of Cove Street Capital LLC’s portfolio, making the stock its 24th biggest holding. Cove Street Capital LLC owned 0.25% of Standex International worth $4,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of Standex International during the second quarter worth about $28,000. Covestor Ltd lifted its position in shares of Standex International by 9,533.3% during the 2nd quarter. Covestor Ltd now owns 289 shares of the industrial products company’s stock valued at $41,000 after buying an additional 286 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Standex International during the 4th quarter worth about $34,000. Tower Research Capital LLC TRC lifted its holdings in Standex International by 230.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 334 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 233 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Standex International in the 2nd quarter worth about $96,000. 88.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson began coverage on Standex International in a report on Wednesday, December 13th. They issued a “buy” rating and a $165.00 price objective for the company. Benchmark lowered their price target on shares of Standex International from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, cut shares of Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $177.50.

Get Our Latest Research Report on SXI

Insider Transactions at Standex International

In other news, Director Barbara Joanne Edwards sold 1,661 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares in the company, valued at $732,186.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.28% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI traded up $5.72 during midday trading on Monday, reaching $161.00. 89,250 shares of the company’s stock traded hands, compared to its average volume of 60,009. The company has a fifty day simple moving average of $148.80 and a two-hundred day simple moving average of $147.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The company has a market cap of $1.91 billion, a P/E ratio of 13.84, a PEG ratio of 2.37 and a beta of 1.00. Standex International Co. has a 1 year low of $111.02 and a 1 year high of $168.81.

Standex International (NYSE:SXIGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. During the same period last year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts predict that Standex International Co. will post 7.28 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. Standex International’s dividend payout ratio (DPR) is 10.33%.

Standex International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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