Standex International Corporation (SXI) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in Standex International Corporation (NYSE:SXI) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,187 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.55% of Standex International Corporation worth $7,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinebridge Investments L.P. increased 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 valued at $152,000 after acquiring an additional 17 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Standex International Corporation by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 45 shares during the last quarter. Diversified Trust Co increased 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 valued at $209,000 after acquiring an additional 200 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Standex International Corporation by 78.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Standex International Corporation by 9.1% in the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

In related news, Director Thomas J. Hansen sold 1,215 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 4,415 shares in the company, valued at approximately $460,263.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald H. Fickenscher sold 2,000 shares of the business’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 value of $189,280.00. Following the transaction, the director now owns 9,915 shares of the company’s stock, valued at approximately $938,355.60. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

A number of brokerages have recently weighed in on SXI. Sidoti downgraded Standex International Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. Zacks Investment Research downgraded Standex International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. FBR & Co reiterated a “buy” rating on shares of Standex International Corporation in a report on Tuesday, July 18th. Finally, B. Riley reiterated a “buy” rating on shares of Standex International Corporation in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $108.50.

Standex International Corporation (NYSE SXI) opened at $101.45 on Friday. Standex International Corporation has a 12-month low of $82.20 and a 12-month high of $110.00. The stock has a market capitalization of $1,297.34, a P/E ratio of 21.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.40.

Standex International Corporation (NYSE:SXI) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. Standex International Corporation had a return on equity of 15.06% and a net margin of 5.83%. The business had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. equities analysts forecast that Standex International Corporation will post 5.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 9th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Standex International Corporation’s previous quarterly dividend of $0.16. Standex International Corporation’s payout ratio is currently 19.94%.

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Standex International Corporation Company 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 International Corporation (NYSE:SXI)

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