BlueCrest Capital Management Ltd acquired a new stake in Standex International Corporation (NYSE:SXI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,176 shares of the industrial products company’s stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SXI. Ameritas Investment Partners Inc. purchased a new stake in Standex International Corporation during the first quarter worth about $110,000. Pinebridge Investments L.P. increased its stake 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 purchasing an additional 17 shares during the period. UBS Asset Management Americas Inc. increased its stake 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 purchasing an additional 45 shares during the period. Diversified Trust Co increased its stake in Standex International Corporation by 9.5% during the second quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 200 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Standex International Corporation by 78.2% during the second quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 1,103 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.
In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the sale, the director now directly owns 9,915 shares in the company, valued at $938,355.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.
A number of analysts have issued reports on SXI shares. Sidoti downgraded Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a report on Monday, October 2nd. Finally, Zacks Investment Research
downgraded Standex International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Two 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 company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $108.50.
Shares of Standex International Corporation (NYSE SXI) traded down 0.71% during midday trading on Friday, reaching $104.20. The company’s stock had a trading volume of 26,024 shares. The firm has a market capitalization of $1.33 billion, a PE ratio of 28.57 and a beta of 1.57. The company’s 50-day moving average price is $102.69 and its 200 day moving average price is $94.58. Standex International Corporation has a 1-year low of $74.35 and a 1-year high of $110.00.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings results on Monday, August 28th. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Standex International Corporation had a return on equity of 14.76% and a net margin of 6.08%. The business had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $210.05 million. During the same quarter last year, the company posted $1.31 earnings per share. Standex International Corporation’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Standex International Corporation will post $5.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is an increase from Standex International Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.69%. Standex International Corporation’s dividend payout ratio (DPR) is 17.78%.
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About Standex International Corporation
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.
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