Goldman Sachs Group Inc. Increases Position in Standex International Corporation (NYSE:SXI)
Goldman Sachs Group Inc. boosted its position in shares of Standex International Corporation (NYSE:SXI) by 7.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 325,292 shares of the industrial products company’s stock after buying an additional 21,608 shares during the period. Goldman Sachs Group Inc. owned about 2.55% of Standex International Corporation worth $32,578,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Standex International Corporation during the first quarter valued at about $110,000. State of Alaska Department of Revenue increased its position in shares of Standex International Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,410 shares of the industrial products company’s stock valued at $141,000 after buying an additional 30 shares during the period. Diversified Trust Co acquired a new position in shares of Standex International Corporation during the first quarter valued at $210,000. UBS Asset Management Americas Inc. acquired a new position in shares of Standex International Corporation during the first quarter valued at $225,000. Finally, Karp Capital Management Corp acquired a new position in shares of Standex International Corporation during the first quarter valued at $242,000. 89.67% of the stock is owned by institutional investors.
Shares of Standex International Corporation (NYSE SXI) traded down 2.05% on Thursday, hitting $92.60. The stock had a trading volume of 36,472 shares. Standex International Corporation has a 12 month low of $74.35 and a 12 month high of $101.24. The stock has a market cap of $1.18 billion, a P/E ratio of 73.49 and a beta of 1.54. The firm has a 50 day moving average of $92.19 and a 200 day moving average of $92.62.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by $0.12. The business had revenue of $184.72 million during the quarter, compared to the consensus estimate of $177.30 million. Standex International Corporation had a return on equity of 14.88% and a net margin of 6.01%. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, equities analysts forecast that Standex International Corporation will post $4.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Monday, August 7th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.69%. Standex International Corporation’s payout ratio is presently 18.60%.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/08/03/standex-international-corporation-nysesxi-stake-boosted-by-goldman-sachs-group-inc-updated-updated-updated.html.
Several equities analysts recently weighed in on SXI shares. Zacks Investment Research downgraded shares of Standex International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Sidoti upgraded shares of Standex International Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $103.00 to $115.00 in a report on Friday, May 19th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Standex International Corporation currently has a consensus rating of “Hold” and an average price target of $108.50.
Standex International Corporation Company 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.
Receive News & Stock Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related stocks with our FREE daily email newsletter.