State of New Jersey Common Pension Fund D Raises Stock Position in Standex International Co. (NYSE:SXI)

State of New Jersey Common Pension Fund D grew its holdings in Standex International Co. (NYSE:SXI) by 17.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,819 shares of the industrial products company’s stock after buying an additional 2,786 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Standex International were worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atria Wealth Solutions Inc. grew its stake in shares of Standex International by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company’s stock worth $503,000 after buying an additional 108 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Standex International in the 4th quarter worth $26,000. Pacer Advisors Inc. purchased a new position in shares of Standex International in the 4th quarter worth $28,000. Diversified Trust Co grew its stake in shares of Standex International by 5.0% in the 4th quarter. Diversified Trust Co now owns 4,086 shares of the industrial products company’s stock worth $647,000 after buying an additional 195 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Standex International by 0.8% in the 3rd quarter. Swiss National Bank now owns 26,200 shares of the industrial products company’s stock worth $3,817,000 after buying an additional 200 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of several analyst reports. DA Davidson raised their target price on shares of 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 shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Standex International presently has an average rating of “Buy” and a consensus price target of $195.00.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 275 shares of Standex International 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 completion of the sale, the director now owns 4,536 shares in the company, valued at approximately $724,943.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Standex International news, Director Barbara Joanne Edwards sold 275 shares of the firm’s 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 transaction, the director now owns 4,536 shares of the company’s stock, valued at approximately $724,943.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alan J. Glass sold 1,619 shares of Standex International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $152.92, for a total transaction of $247,577.48. Following the completion of the transaction, the vice president now directly owns 19,224 shares in the company, valued at approximately $2,939,734.08. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 in the last 90 days. 2.28% of the stock is owned by corporate insiders.

Standex International Trading Up 0.7 %

Shares of SXI opened at $172.81 on Friday. Standex International Co. has a 1-year low of $117.72 and a 1-year high of $184.18. The company has a 50-day moving average of $173.37 and a 200 day moving average of $155.57. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.66 and a beta of 1.03. 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 announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The company had revenue of $178.40 million during the quarter, compared to analyst estimates of $180.25 million. During the same quarter last year, the business posted $1.74 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, research analysts expect that Standex International Co. will post 7.23 EPS for the current year.

Standex International Dividend Announcement

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

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.