Foresters Investment Management Company Inc. Purchases 14,400 Shares of Standex Int’l Corp. (SXI)
Foresters Investment Management Company Inc. grew its position in shares of Standex Int’l Corp. (NYSE:SXI) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,700 shares of the industrial products company’s stock after purchasing an additional 14,400 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Standex Int’l were worth $7,101,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Walthausen & Co. LLC purchased a new stake in Standex Int’l in the 3rd quarter worth $11,283,000. Ceredex Value Advisors LLC purchased a new stake in Standex Int’l in the 3rd quarter worth $3,315,000. Vanguard Group Inc increased its holdings in Standex Int’l by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 1,287,813 shares of the industrial products company’s stock worth $134,255,000 after acquiring an additional 28,378 shares in the last quarter. Vanguard Group Inc. increased its holdings in Standex Int’l by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,287,813 shares of the industrial products company’s stock worth $134,255,000 after acquiring an additional 28,378 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Standex Int’l by 1.5% in the 4th quarter. BlackRock Inc. now owns 1,874,997 shares of the industrial products company’s stock worth $125,962,000 after acquiring an additional 28,240 shares in the last quarter. 87.64% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. William Blair reissued a “market perform” rating on shares of Standex Int’l in a report on Tuesday, December 4th. Zacks Investment Research raised shares of Standex Int’l from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $106.50.
Standex Int’l (NYSE:SXI) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.23). The company had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $197.38 million. Standex Int’l had a return on equity of 13.88% and a net margin of 6.56%. Standex Int’l’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Equities research analysts expect that Standex Int’l Corp. will post 5.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Monday, February 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, February 8th. Standex Int’l’s payout ratio is 15.47%.
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Standex Int’l Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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