Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Standex International Corporation (NYSE:SXI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,098 shares of the industrial products company’s stock, valued at approximately $435,000.

Several other institutional investors also recently added to or reduced their stakes in SXI. Teachers Advisors LLC lifted its position in shares of Standex International by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 22,878 shares of the industrial products company’s stock valued at $2,291,000 after acquiring an additional 261 shares during the period. Bank of America Corp DE increased its stake in Standex International by 41.1% during the 1st quarter. Bank of America Corp DE now owns 34,280 shares of the industrial products company’s stock valued at $3,433,000 after purchasing an additional 9,988 shares in the last quarter. Aperio Group LLC increased its stake in Standex International by 9.1% during the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 219 shares in the last quarter. US Bancorp DE increased its stake in Standex International by 5.9% during the 2nd quarter. US Bancorp DE now owns 3,121 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 173 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Standex International by 31.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 63,129 shares of the industrial products company’s stock valued at $5,726,000 after purchasing an additional 14,953 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.

In other news, Director Thomas J. Hansen sold 1,215 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were 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 owns 4,415 shares in the company, valued at approximately $460,263.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sean C. Valashinas sold 600 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total transaction of $60,396.00. Following the completion of the sale, the chief accounting officer now owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Shares of Standex International Corporation (NYSE:SXI) traded down $2.00 during mid-day trading on Friday, reaching $105.00. 36,556 shares of the company’s stock were exchanged, compared to its average volume of 26,854. The company has a market cap of $1,342.74, a price-to-earnings ratio of 22.15 and a beta of 1.60. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Standex International Corporation has a fifty-two week low of $84.30 and a fifty-two 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. Standex International had a net margin of 5.83% and a return on equity of 15.06%. The business had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. During the same quarter in the previous year, the business posted $1.14 EPS. Standex International’s quarterly revenue was up 19.4% on a year-over-year basis. research analysts anticipate that Standex International Corporation will post 5.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 9th were paid a $0.18 dividend. This is a positive change from Standex International’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. Standex International’s dividend payout ratio is presently 19.94%.

SXI has been the subject of a number of recent research reports. FBR & Co restated a “buy” rating on shares of Standex International in a research note on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Standex International in a research note on Wednesday, November 1st. CL King initiated coverage on shares of Standex International in a research note on Wednesday. They set a “buy” rating and a $116.00 price target for the company. ValuEngine lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Sidoti lowered shares of Standex International from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $111.00.

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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.

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

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