First Hawaiian Bank Takes $405,000 Position in Standex International Co. (NYSE:SXI)

First Hawaiian Bank bought a new position in shares of Standex International Co. (NYSE:SXI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,514 shares of the industrial products company’s stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also bought and sold shares of SXI. Principal Securities Inc. purchased a new position in shares of Standex International during the fourth quarter worth about $26,000. GAMMA Investing LLC grew its stake in Standex International by 322.2% in the 1st quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after buying an additional 145 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Standex International by 341.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock worth $51,000 after buying an additional 249 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Standex International by 15,740.0% in the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after buying an additional 787 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Standex International during the 1st quarter valued at $210,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. DA Davidson increased their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday. Benchmark reiterated a “buy” rating and set a $210.00 price objective on shares of Standex International in a research report on Friday. Finally, Barrington Research restated an “outperform” rating and issued a $180.00 target price on shares of Standex International in a research report on Tuesday, May 28th.

Standex International Trading Down 0.5 %

NYSE SXI traded down $0.79 during trading on Tuesday, hitting $170.64. 30,791 shares of the company’s stock traded hands, compared to its average volume of 62,825. The firm has a market cap of $2.00 billion, a P/E ratio of 27.77, a PEG ratio of 2.53 and a beta of 1.04. The stock has a fifty day moving average of $169.27 and a two-hundred day moving average of $168.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18.

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

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, August 9th. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Insider Buying and Selling at Standex International

In other Standex International 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 value of $437,929.20. Following the completion of the sale, the director now owns 862 shares in the company, valued at approximately $153,453.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.28% of the company’s stock.

Standex International Company Profile

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.