White Pine Capital LLC Has $2.41 Million Holdings in Standex International Co. (NYSE:SXI)

White Pine Capital LLC lessened its stake in Standex International Co. (NYSE:SXI) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,223 shares of the industrial products company’s stock after selling 395 shares during the quarter. Standex International accounts for about 0.9% of White Pine Capital LLC’s investment portfolio, making the stock its 25th biggest holding. White Pine Capital LLC owned about 0.13% of Standex International worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SXI. Cerity Partners LLC acquired a new position in Standex International during the fourth quarter worth $6,089,000. Handelsbanken Fonder AB boosted its holdings in Standex International by 20.4% during the third quarter. Handelsbanken Fonder AB now owns 147,700 shares of the industrial products company’s stock worth $21,518,000 after purchasing an additional 25,000 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock worth $11,700,000 after purchasing an additional 21,831 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Standex International by 99.2% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company’s stock worth $6,736,000 after purchasing an additional 21,182 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Standex International by 267.3% during the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock worth $3,948,000 after purchasing an additional 19,724 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Ratings Changes

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

Standex International Stock Performance

SXI stock traded up $1.21 during trading hours on Friday, reaching $172.81. The stock had a trading volume of 39,545 shares, compared to its average volume of 52,563. The stock has a market capitalization of $2.05 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. The stock has a 50-day simple moving average of $173.37 and a 200 day simple moving average of $155.54. Standex International Co. has a fifty-two week low of $117.72 and a fifty-two week high of $184.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $178.40 million for the quarter, compared to analyst estimates of $180.25 million. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Analysts predict that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s payout ratio is presently 10.33%.

Insider Activity

In related news, CEO David A. Dunbar sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the transaction, the chief executive officer now directly owns 62,233 shares of the company’s stock, valued at $10,268,445. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Standex International news, Director Barbara Joanne Edwards sold 275 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $159.82, for a total transaction of $43,950.50. Following the sale, the director now directly owns 4,536 shares in the company, valued at $724,943.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the sale, the chief executive officer now owns 62,233 shares in the company, valued at $10,268,445. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock valued at $2,980,448 over the last ninety days. 2.28% of the stock is currently owned by company insiders.

About Standex International

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.