Pinebridge Investments L.P. decreased its holdings in shares of Standex Int’l Corp. (NYSE:SXI) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,923 shares of the industrial products company’s stock after selling 2,336 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.13% of Standex Int’l worth $1,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SXI. FMR LLC grew its stake in Standex Int’l by 11.0% in the 1st quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock valued at $30,926,000 after buying an additional 41,723 shares during the last quarter. Copeland Capital Management LLC grew its stake in Standex Int’l by 20.6% in the 2nd quarter. Copeland Capital Management LLC now owns 215,950 shares of the industrial products company’s stock valued at $15,795,000 after buying an additional 36,896 shares during the last quarter. Champlain Investment Partners LLC grew its stake in Standex Int’l by 4.3% in the 1st quarter. Champlain Investment Partners LLC now owns 707,945 shares of the industrial products company’s stock valued at $51,963,000 after buying an additional 28,925 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Standex Int’l by 32.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 109,758 shares of the industrial products company’s stock valued at $8,026,000 after buying an additional 26,800 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Standex Int’l by 316.5% in the 1st quarter. First Trust Advisors LP now owns 21,558 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 16,382 shares during the last quarter. Institutional investors own 89.38% of the company’s stock.

NYSE:SXI traded up $1.06 during midday trading on Thursday, reaching $75.79. The stock had a trading volume of 1,145 shares, compared to its average volume of 108,138. Standex Int’l Corp. has a 1-year low of $59.28 and a 1-year high of $111.57. The firm’s fifty day simple moving average is $67.34 and its 200-day simple moving average is $70.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.36 and a quick ratio of 1.73. The stock has a market capitalization of $961.23 million, a P/E ratio of 18.85 and a beta of 1.41.

Standex Int’l (NYSE:SXI) last posted its quarterly earnings results on Monday, August 26th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.10). The company had revenue of $209.20 million during the quarter, compared to analyst estimates of $207.38 million. Standex Int’l had a return on equity of 10.92% and a net margin of 8.58%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, equities research analysts anticipate that Standex Int’l Corp. will post 4.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.80 annualized dividend and a yield of 1.06%. Standex Int’l’s dividend payout ratio is 19.85%.

A number of research analysts recently issued reports on SXI shares. Zacks Investment Research lowered shares of Standex Int’l from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. William Blair reiterated a “market perform” rating on shares of Standex Int’l in a research note on Wednesday, August 28th. Finally, ValuEngine upgraded shares of Standex Int’l from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

About Standex Int’l

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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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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