61,642 Shares in Standex International Corporation $SXI Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC acquired a new stake in shares of Standex International Corporation (NYSE:SXI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,642 shares of the industrial products company’s stock, valued at approximately $16,832,000. Conestoga Capital Advisors LLC owned approximately 0.50% of Standex International as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SXI. Cedar Mountain Advisors LLC acquired a new stake in Standex International in the 1st quarter valued at $29,000. State of Wyoming acquired a new position in Standex International during the first quarter worth $37,000. Transamerica Financial Advisors LLC acquired a new position in Standex International during the second quarter worth $42,000. Allworth Financial LP bought a new position in shares of Standex International in the second quarter valued at $46,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of Standex International in the second quarter valued at $60,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Standex International

In related news, CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction on Monday, August 31st. The stock was sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the sale, the chief executive officer directly owned 75,973 shares in the company, valued at approximately $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. JPMorgan Chase & Co. started coverage on Standex International in a research note on Wednesday, October 14th. They set a “neutral” rating and a $320.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and set a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Standex International has a consensus rating of “Moderate Buy” and a consensus price target of $304.00.

Standex International Stock Down 3.0%

Standex International stock opened at $251.38 on Thursday. Standex International Corporation has a fifty-two week low of $215.62 and a fifty-two week high of $363.89. The stock has a market cap of $3.04 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm’s 50-day simple moving average is $270.50 and its 200 day simple moving average is $277.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.30 and a current ratio of 3.19.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Standex International had a net margin of 12.54% and a return on equity of 14.84%. The firm had revenue of $232.57 million during the quarter, compared to analyst estimates of $229.65 million. During the same quarter last year, the business posted $1.99 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts predict that Standex International Corporation will post 10.18 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Standex International’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is 14.47%.

Standex International Company Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.