First Trust Advisors LP lessened its holdings in Standex International Corporation (NYSE:SXI) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,667 shares of the industrial products company’s stock after selling 1,390 shares during the quarter. First Trust Advisors LP owned 0.22% of Standex International worth $2,938,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in Standex International by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,770 shares of the industrial products company’s stock worth $6,691,000 after acquiring an additional 2,847 shares in the last quarter. Northern Trust Corp boosted its holdings in Standex International by 2.5% in the second quarter. Northern Trust Corp now owns 428,011 shares of the industrial products company’s stock worth $38,821,000 after acquiring an additional 10,484 shares in the last quarter. Keybank National Association OH boosted its holdings in Standex International by 21.0% in the second quarter. Keybank National Association OH now owns 7,500 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 1,300 shares in the last quarter. BlackRock Inc. boosted its holdings in Standex International by 95,699.3% in the first quarter. BlackRock Inc. now owns 1,528,957 shares of the industrial products company’s stock worth $153,126,000 after acquiring an additional 1,527,361 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Standex International by 0.8% in the second quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock worth $844,000 after acquiring an additional 74 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.
Shares of Standex International Corporation (NYSE:SXI) traded down $1.20 during mid-day trading on Thursday, reaching $102.40. The company had a trading volume of 36,816 shares, compared to its average volume of 39,413. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.40. The stock has a market capitalization of $1,326.12, a PE ratio of 21.88 and a beta of 1.60. Standex International Corporation has a 52 week low of $84.30 and a 52 week high of $110.00.
Standex International (NYSE:SXI) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.17. The company had revenue of $214.40 million during the quarter, compared to analysts’ expectations of $195.63 million. Standex International had a return on equity of 15.06% and a net margin of 5.83%. Standex International’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. research analysts anticipate that Standex International Corporation will post 5.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 9th were given a $0.18 dividend. The ex-dividend date was Wednesday, November 8th. This is a boost from Standex International’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. Standex International’s payout ratio is 19.94%.
A number of equities research analysts recently commented on SXI shares. ValuEngine downgraded Standex International from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded Standex International from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Sidoti downgraded Standex International from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. B. Riley reaffirmed a “buy” rating on shares of Standex International in a report on Wednesday, November 1st. Finally, FBR & Co reaffirmed a “buy” rating on shares of Standex International in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $111.00.
In other news, CAO Sean C. Valashinas sold 600 shares of Standex International stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total value of $60,396.00. Following the sale, the chief accounting officer now directly owns 1,737 shares of the company’s stock, valued at $174,846.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 1,215 shares of Standex International stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $104.25, for a total value of $126,663.75. Following the completion of the sale, the director now directly owns 4,415 shares in the company, valued at $460,263.75. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
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Standex International Profile
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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