Standex International Co. (NYSE:SXI) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in Standex International Co. (NYSE:SXI) by 292.6% during the second quarter, HoldingsChannel.com reports. The fund owned 5,233 shares of the industrial products company’s stock after acquiring an additional 3,900 shares during the period. Harbor Capital Advisors Inc.’s holdings in Standex International were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Standex International in the fourth quarter valued at $26,000. GAMMA Investing LLC raised its position in Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 145 shares during the period. SRS Capital Advisors Inc. raised its position in Standex International by 341.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 249 shares during the period. International Assets Investment Management LLC raised its position in Standex International by 15,740.0% in the fourth quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 787 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Standex International in the first quarter valued at $210,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Performance

SXI traded down $2.81 on Wednesday, hitting $167.04. 25,168 shares of the company traded hands, compared to its average volume of 62,722. The company has a 50 day moving average of $169.37 and a 200-day moving average of $169.05. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.96 billion, a PE ratio of 27.48, a PEG ratio of 2.53 and a beta of 1.04. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.72 by $0.04. The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate of $181.35 million. Standex International had a return on equity of 13.65% and a net margin of 10.14%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Sell-side analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, August 9th. Standex International’s dividend payout ratio (DPR) is 19.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SXI shares. Benchmark reiterated a “buy” rating and issued a $210.00 price objective on shares of Standex International in a report on Friday, August 2nd. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson boosted their price objective on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday. Finally, Barrington Research reiterated an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a report on Tuesday, May 28th.

Insider Transactions at Standex International

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at approximately $153,453.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

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.