Champlain Investment Partners LLC Reduces Stock Holdings in Standex International Co. (NYSE:SXI)

Champlain Investment Partners LLC lowered its stake in shares of Standex International Co. (NYSE:SXI) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 572,656 shares of the industrial products company’s stock after selling 70,121 shares during the quarter. Champlain Investment Partners LLC’s holdings in Standex International were worth $104,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Standex International by 7.9% during the third quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 347 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after purchasing an additional 3,844 shares during the last quarter. Intech Investment Management LLC raised its position in Standex International by 27.5% in the 3rd quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 431 shares during the period. Advisors Asset Management Inc. lifted its stake in Standex International by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company’s stock worth $1,946,000 after purchasing an additional 1,392 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Standex International during the third quarter valued at approximately $1,490,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 3,800 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 over the last ninety days. 2.10% of the stock is owned by company insiders.

Standex International Price Performance

Shares of SXI stock opened at $204.55 on Friday. Standex International Co. has a twelve month low of $131.96 and a twelve month high of $211.90. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $185.95 and a two-hundred day simple moving average of $175.77. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.86 and a beta of 1.03.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The company had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. On average, analysts predict that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analyst Weigh In

SXI has been the subject of a number of research analyst reports. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. DA Davidson lifted their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Benchmark upped their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th.

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.