Clark Capital Management Group Inc. grew its position in Standex International (NYSE:SXI) by 390.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,396 shares of the industrial products company’s stock after acquiring an additional 11,461 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.11% of Standex International worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Standex International in the third quarter worth $199,000. GSA Capital Partners LLP bought a new position in shares of Standex International in the third quarter worth $214,000. Two Sigma Advisers LP bought a new position in shares of Standex International in the fourth quarter worth $281,000. Cutler Group LP grew its stake in shares of Standex International by 34.6% in the fourth quarter. Cutler Group LP now owns 2,787 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 717 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Standex International in the third quarter worth $290,000. Hedge funds and other institutional investors own 87.91% of the company’s stock.
Shares of NYSE SXI traded down $1.80 during mid-day trading on Friday, hitting $96.55. 49,888 shares of the company traded hands, compared to its average volume of 41,285. Standex International has a 1 year low of $84.30 and a 1 year high of $110.00. The company has a market cap of $1,238.64, a price-to-earnings ratio of 21.22 and a beta of 1.54. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.51.
Standex International (NYSE:SXI) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.09. The firm had revenue of $209.75 million for the quarter, compared to analyst estimates of $197.38 million. Standex International had a return on equity of 14.98% and a net margin of 3.99%. Standex International’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. sell-side analysts expect that Standex International will post 5.28 EPS for the current fiscal year.
In related news, CEO David A. Dunbar sold 4,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $101.43, for a total transaction of $405,720.00. Following the transaction, the chief executive officer now directly owns 54,164 shares of the company’s stock, valued at $5,493,854.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Cannon, Jr. sold 5,014 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $98.75, for a total value of $495,132.50. Following the completion of the transaction, the director now directly owns 21,360 shares in the company, valued at $2,109,300. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $125.00 price target on shares of Standex International in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Standex International from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Wednesday, March 21st. ValuEngine upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Sidoti upgraded Standex International from a “neutral” rating to a “buy” rating in a report on Monday, April 2nd. Finally, TheStreet lowered Standex International from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $115.50.
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Standex International Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company's Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases.
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