Standex International Corporation (SXI) Shares Sold by Rhumbline Advisers
Rhumbline Advisers cut its holdings in shares of Standex International Corporation (NYSE:SXI) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,229 shares of the industrial products company’s stock after selling 402 shares during the quarter. Rhumbline Advisers owned about 0.20% of Standex International Corporation worth $2,288,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of SXI. Ameritas Investment Partners Inc. acquired a new position in shares of Standex International Corporation during the first quarter worth approximately $110,000. Diversified Trust Co lifted its holdings in shares of Standex International Corporation by 9.5% during the second quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock worth $209,000 after buying an additional 200 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Standex International Corporation during the first quarter worth approximately $225,000. State of Alaska Department of Revenue lifted its holdings in shares of Standex International Corporation by 78.2% during the second quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock worth $227,000 after buying an additional 1,103 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Standex International Corporation by 9.1% during the second quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock worth $239,000 after buying an additional 219 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.
Standex International Corporation (NYSE SXI) opened at 98.90 on Thursday. The company has a 50 day moving average price of $94.13 and a 200-day moving average price of $92.81. Standex International Corporation has a 52 week low of $74.35 and a 52 week high of $101.24. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.12 and a beta of 1.54.
Standex International Corporation (NYSE:SXI) last issued its earnings results on Monday, August 28th. The industrial products company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.11. Standex International Corporation had a return on equity of 14.76% and a net margin of 6.08%. The company had revenue of $217.10 million during the quarter, compared to the consensus estimate of $210.05 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts predict that Standex International Corporation will post $5.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 7th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.64 annualized dividend and a dividend yield of 0.65%. Standex International Corporation’s dividend payout ratio is currently 17.78%.
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A number of research analysts have recently commented on SXI shares. Zacks Investment Research lowered Standex International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $103.00 to $115.00 in a report on Friday, May 19th. BidaskClub upgraded Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, FBR & Co reiterated an “outperform” rating on shares of Standex International Corporation in a report on Tuesday, July 11th. One research 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’s stock. The company presently has an average rating of “Hold” and an average price target of $108.50.
In other news, Director Gerald H. Fickenscher sold 2,000 shares of Standex International Corporation stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the transaction, the director now directly owns 9,915 shares in the company, valued at approximately $938,355.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
About Standex International Corporation
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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