Northern Trust Corp Has $38.32 Million Position in Standex International Co. (NYSE:SXI)

Northern Trust Corp grew its holdings in Standex International Co. (NYSE:SXI) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,927 shares of the industrial products company’s stock after purchasing an additional 9,974 shares during the quarter. Northern Trust Corp’s holdings in Standex International were worth $38,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in Standex International by 80.7% in the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company’s stock valued at $4,157,000 after buying an additional 10,159 shares during the period. Park Avenue Securities LLC lifted its position in shares of Standex International by 24.4% during the 4th quarter. Park Avenue Securities LLC now owns 2,797 shares of the industrial products company’s stock valued at $523,000 after acquiring an additional 548 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Standex International in the fourth quarter worth $263,000. SG Americas Securities LLC bought a new stake in Standex International in the fourth quarter valued at $235,000. Finally, apricus wealth LLC acquired a new position in shares of Standex International during the fourth quarter valued at about $299,000. Institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $153.98 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.86 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The stock’s fifty day simple moving average is $155.20 and its two-hundred day simple moving average is $180.00. Standex International Co. has a 1-year low of $128.85 and a 1-year high of $212.66.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $1.75 earnings per share. As a group, analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. Standex International’s dividend payout ratio (DPR) is currently 25.30%.

Analyst Ratings Changes

SXI has been the subject of a number of research analyst reports. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. DA Davidson lowered their target price on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. Finally, Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $223.33.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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.