apricus wealth LLC Cuts Stock Holdings in Standex International Corporation $SXI

apricus wealth LLC lowered its position in Standex International Corporation (NYSE:SXI) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,051 shares of the industrial products company’s stock after selling 200 shares during the period. apricus wealth LLC’s holdings in Standex International were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. grew its position in shares of Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock worth $35,000 after buying an additional 69 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Standex International by 2.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 76 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Standex International by 5.4% in the 2nd quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 77 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Standex International by 4.1% in the 1st quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In related news, Director Thomas J. Hansen sold 2,992 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the sale, the director owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. The trade was a 26.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the sale, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at $24,433,655. The trade was a 14.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 47,992 shares of company stock valued at $10,401,179. 2.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SXI. DA Davidson lifted their target price on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Roth Capital restated a “buy” rating and set a $205.00 price objective (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $223.50.

Standex International Price Performance

NYSE:SXI opened at $240.98 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15. The company has a 50 day moving average price of $210.60 and a 200-day moving average price of $174.79. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $241.14.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. Equities research analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Standex International’s payout ratio is presently 27.59%.

Standex International Company 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.