Dimensional Fund Advisors LP boosted its holdings in shares of Standex International Corporation (NYSE:SXI) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 585,558 shares of the industrial products company’s stock after purchasing an additional 1,051 shares during the quarter. Dimensional Fund Advisors LP owned about 4.59% of Standex International Corporation worth $53,110,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SXI. Ameritas Investment Partners Inc. purchased a new position in Standex International Corporation during the 1st quarter valued at approximately $110,000. Pinebridge Investments L.P. boosted its holdings in shares of Standex International Corporation by 1.0% in the 2nd 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. purchased a new position in shares of Standex International Corporation in the 1st quarter worth approximately $225,000. Diversified Trust Co boosted its holdings in shares of Standex International Corporation by 9.5% in the 2nd 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, Karp Capital Management Corp purchased a new position in shares of Standex International Corporation in the 1st quarter worth approximately $242,000. 86.99% of the stock is currently owned by institutional investors.
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Standex International Corporation (NYSE:SXI) traded down 0.71% during mid-day trading on Friday, reaching $104.20. The company’s stock had a trading volume of 26,024 shares. Standex International Corporation has a one year low of $74.35 and a one year high of $110.00. The firm has a market cap of $1.33 billion, a PE ratio of 28.57 and a beta of 1.57. The stock’s 50 day moving average is $102.69 and its 200 day moving average is $94.58.
Standex International Corporation (NYSE:SXI) last issued its earnings results on Monday, August 28th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.11. The firm had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $210.05 million. Standex International Corporation had a net margin of 6.08% and a return on equity of 14.76%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. On average, analysts anticipate that Standex International Corporation will post $5.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 9th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. 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. Standex International Corporation’s dividend payout ratio is 17.78%.
In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total value of $189,280.00. Following the completion of the sale, the director now owns 9,915 shares in the company, valued at approximately $938,355.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
SXI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Standex International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a research report on Monday, October 2nd. Finally, Sidoti lowered Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $108.50.
Standex International Corporation 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.
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