Fmr LLC cut its holdings in Standex International Corporation (NYSE:SXI) by 41.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 408,006 shares of the industrial products company’s stock after selling 284,196 shares during the period. Fmr LLC owned 3.20% of Standex International Corporation worth $37,006,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SXI. Pinebridge Investments L.P. grew its position in Standex International Corporation by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock worth $152,000 after buying an additional 17 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Standex International Corporation by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock worth $208,000 after buying an additional 45 shares in the last quarter. Texas Permanent School Fund grew its position in Standex International Corporation by 0.8% during the second quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock worth $844,000 after buying an additional 74 shares in the last quarter. Arizona State Retirement System grew its position in Standex International Corporation by 1.5% during the first quarter. Arizona State Retirement System now owns 6,640 shares of the industrial products company’s stock worth $665,000 after buying an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Standex International Corporation by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,010 shares of the industrial products company’s stock worth $273,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

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In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total value of $189,280.00. Following the transaction, the director now directly owns 9,915 shares of the company’s stock, valued at approximately $938,355.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

SXI has been the topic of a number of recent research reports. FBR & Co reissued a “buy” rating on shares of Standex International Corporation in a research report on Monday, October 2nd. Zacks Investment Research raised Standex International Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Wednesday, July 5th. Finally, Sidoti downgraded Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $108.50.

Shares of Standex International Corporation (NYSE:SXI) opened at 103.85 on Friday. The company’s 50-day moving average price is $101.88 and its 200-day moving average price is $94.30. The firm has a market capitalization of $1.33 billion, a P/E ratio of 28.48 and a beta of 1.57. Standex International Corporation has a 52-week low of $74.35 and a 52-week high of $110.00.

Standex International Corporation (NYSE:SXI) last released its quarterly earnings results on Monday, August 28th. The industrial products company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.11. The firm had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $210.05 million. Standex International Corporation had a net margin of 6.08% and a return on equity of 14.76%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. On average, equities research analysts expect that Standex International Corporation will post $5.07 EPS for the current fiscal year.

Standex International Corporation 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.

Institutional Ownership by Quarter for Standex International Corporation (NYSE:SXI)

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