BRYN MAWR TRUST Co Grows Position in Standex International (SXI)
BRYN MAWR TRUST Co lifted its holdings in Standex International (NYSE:SXI) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,750 shares of the industrial products company’s stock after acquiring an additional 993 shares during the period. BRYN MAWR TRUST Co’s holdings in Standex International were worth $10,261,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in SXI. SG Americas Securities LLC acquired a new position in shares of Standex International in the third quarter valued at about $199,000. GSA Capital Partners LLP acquired a new position in shares of Standex International in the third quarter valued at about $214,000. Two Sigma Advisers LP acquired a new position in shares of Standex International in the fourth quarter valued at about $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 valued at $283,000 after acquiring an additional 717 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Standex International in the third quarter valued at about $290,000. Institutional investors and hedge funds own 87.91% of the company’s stock.
Several equities analysts recently commented on the stock. CL King assumed coverage on shares of Standex International in a research note on Wednesday, November 29th. They issued a “buy” rating and a $116.00 price target on the stock. TheStreet cut shares of Standex International from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. B. Riley reaffirmed a “buy” rating and set a $125.00 price objective on shares of Standex International in a research report on Wednesday, January 31st. Finally, ValuEngine raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $114.50.
Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.09. Standex International had a net margin of 3.99% and a return on equity of 14.98%. The business had revenue of $209.75 million during the quarter, compared to analysts’ expectations of $197.38 million. During the same quarter in the prior year, the business posted $1.03 earnings per share. Standex International’s revenue was up 20.6% compared to the same quarter last year. analysts expect that Standex International will post 5.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.72 annualized dividend and a yield of 0.70%. Standex International’s dividend payout ratio is 27.80%.
In related news, Director Charles H. Cannon, Jr. sold 5,014 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $98.75, for a total transaction of $495,132.50. Following the completion of the sale, the director now owns 21,360 shares of the company’s stock, valued at $2,109,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.
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Standex International 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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