Royce & Associates LP lessened its holdings in Standex Int'l Corp. (NYSE:SXI) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,201 shares of the industrial products company’s stock after selling 1,825 shares during the period. Royce & Associates LP owned about 0.34% of Standex Int'l worth $4,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Moody Aldrich Partners LLC grew its position in Standex Int'l by 14.6% in the 3rd quarter. Moody Aldrich Partners LLC now owns 14,279 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 1,814 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Standex Int'l by 16.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 85,947 shares of the industrial products company’s stock valued at $9,128,000 after acquiring an additional 12,177 shares during the period. Wells Fargo & Company MN grew its position in shares of Standex Int'l by 22.4% during the 3rd quarter. Wells Fargo & Company MN now owns 32,300 shares of the industrial products company’s stock valued at $3,430,000 after acquiring an additional 5,902 shares during the period. Legal & General Group Plc grew its position in shares of Standex Int'l by 5.2% during the 3rd quarter. Legal & General Group Plc now owns 25,733 shares of the industrial products company’s stock valued at $2,733,000 after acquiring an additional 1,277 shares during the period. Finally, American International Group Inc. grew its position in shares of Standex Int'l by 5.8% during the 3rd quarter. American International Group Inc. now owns 10,007 shares of the industrial products company’s stock valued at $1,063,000 after acquiring an additional 545 shares during the period. Institutional investors own 86.30% of the company’s stock.

SXI has been the subject of a number of research reports. ValuEngine downgraded shares of Standex Int'l from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Standex Int'l from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Sidoti downgraded shares of Standex Int'l from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. CL King began coverage on shares of Standex Int'l in a report on Wednesday, November 29th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of Standex Int'l in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $111.00.

Shares of Standex Int'l Corp. (SXI) opened at $100.10 on Monday. The company has a current ratio of 2.40, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1,280.08, a price-to-earnings ratio of 21.12 and a beta of 1.60. Standex Int'l Corp. has a 52-week low of $84.30 and a 52-week high of $110.00.

Standex Int'l (NYSE:SXI) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The firm had revenue of $214.40 million for the quarter, compared to analysts’ expectations of $195.63 million. Standex Int'l had a net margin of 5.83% and a return on equity of 15.06%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. sell-side analysts expect that Standex Int'l Corp. will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Thursday, November 9th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, November 8th. This is a boost from Standex Int'l’s previous quarterly dividend of $0.16. Standex Int'l’s dividend payout ratio (DPR) is presently 19.94%.

In other Standex Int'l news, CAO Sean C. Valashinas sold 600 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total value of $60,396.00. Following the sale, the chief accounting officer now owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Hansen sold 1,215 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the sale, the director now directly owns 4,415 shares in the company, valued at approximately $460,263.75. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

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Standex Int'l 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 Int'l (NYSE:SXI)

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