Loomis Sayles & Co. L P boosted its stake in Standex Int’l Corp. (NYSE:SXI) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 159,894 shares of the industrial products company’s stock after buying an additional 2,454 shares during the period. Loomis Sayles & Co. L P’s holdings in Standex Int’l were worth $16,669,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in SXI. Amalgamated Bank acquired a new position in Standex Int’l in the 2nd quarter valued at about $208,000. United Services Automobile Association acquired a new position in Standex Int’l in the 2nd quarter valued at about $210,000. Advisors Asset Management Inc. grew its stake in Standex Int’l by 233.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 10,794 shares of the industrial products company’s stock valued at $255,000 after buying an additional 7,554 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Standex Int’l in the 2nd quarter valued at about $277,000. Finally, Ramsey Quantitative Systems grew its stake in Standex Int’l by 158.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 3,197 shares of the industrial products company’s stock valued at $333,000 after buying an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
In other Standex Int’l news, VP Thomas D. Debyle sold 2,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $110.10, for a total transaction of $220,200.00. Following the transaction, the vice president now owns 65,343 shares in the company, valued at approximately $7,194,264.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.64% of the company’s stock.
A number of research analysts recently commented on SXI shares. Zacks Investment Research upgraded shares of Standex Int’l from a “sell” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Wednesday, October 31st. TheStreet lowered shares of Standex Int’l from a “b” rating to a “c+” rating in a research note on Monday, October 29th. William Blair reiterated a “market perform” rating on shares of Standex Int’l in a research note on Tuesday. Finally, ValuEngine lowered shares of Standex Int’l from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Standex Int’l has an average rating of “Hold” and a consensus target price of $106.50.
Shares of SXI opened at $73.51 on Friday. Standex Int’l Corp. has a 52 week low of $71.54 and a 52 week high of $114.20. The stock has a market capitalization of $978.71 million, a P/E ratio of 15.14 and a beta of 1.68. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.65.
Standex Int’l (NYSE:SXI) last announced its quarterly earnings results on Monday, October 29th. The industrial products company reported $1.21 EPS for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.22). Standex Int’l had a net margin of 4.54% and a return on equity of 14.52%. The company had revenue of $193.08 million during the quarter, compared to analyst estimates of $226.20 million. During the same quarter last year, the company posted $1.23 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Standex Int’l Corp. will post 5.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Thursday, November 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, November 7th. This is a positive change from Standex Int’l’s previous quarterly dividend of $0.18. Standex Int’l’s dividend payout ratio is presently 15.47%.
Standex Int’l Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
Further Reading: Dividend Aristocrat Index
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