Barrow Hanley Mewhinney & Strauss LLC Has $44.78 Million Stake in Standex International Co. (NYSE:SXI)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Standex International Co. (NYSE:SXI) by 4.1% during the fourth quarter, Holdings Channel reports. The fund owned 239,475 shares of the industrial products company’s stock after selling 10,291 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Standex International were worth $44,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Walleye Capital LLC bought a new stake in shares of Standex International during the third quarter worth $250,000. State Street Corp lifted its position in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Standex International by 2.7% in 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 acquiring an additional 3,844 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 330 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Standex International by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock worth $6,043,000 after purchasing an additional 276 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Standex International Stock Down 4.2 %

NYSE:SXI opened at $160.52 on Monday. The stock’s fifty day simple moving average is $183.68 and its 200-day simple moving average is $187.65. The firm has a market capitalization of $1.91 billion, a P/E ratio of 35.05, a P/E/G ratio of 2.63 and a beta of 1.02. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.66.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Equities research analysts expect that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SXI shares. William Blair restated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barrington Research reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Finally, DA Davidson raised their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.33.

Standex International 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.