Geode Capital Management LLC increased its holdings in shares of Standex International (NYSE:SXI) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,916 shares of the industrial products company’s stock after buying an additional 848 shares during the period. Geode Capital Management LLC’s holdings in Standex International were worth $10,481,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SXI. SG Americas Securities LLC bought a new stake in shares of Standex International during the third quarter worth approximately $199,000. GSA Capital Partners LLP bought a new stake in shares of Standex International during the third quarter worth approximately $214,000. Cutler Group LP raised its stake in shares of Standex International by 34.6% during the fourth quarter. Cutler Group LP now owns 2,787 shares of the industrial products company’s stock worth $283,000 after buying an additional 717 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Standex International during the fourth quarter worth approximately $448,000. Finally, Wolverine Trading LLC bought a new stake in shares of Standex International during the third quarter worth approximately $563,000. 87.91% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Sidoti upgraded shares of Standex International from a “neutral” rating to a “buy” rating in a report on Monday, April 2nd. ValuEngine cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. TheStreet cut shares of Standex International from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Finally, B. Riley restated a “buy” rating and set a $125.00 price objective on shares of Standex International in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $115.50.
In other news, CEO David A. Dunbar sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $101.43, for a total value of $405,720.00. Following the completion of the transaction, the chief executive officer now owns 54,164 shares in the company, valued at $5,493,854.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Cannon, Jr. sold 5,014 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $98.75, for a total transaction of $495,132.50. Following the completion of the transaction, the director now owns 21,360 shares of the company’s stock, valued at approximately $2,109,300. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Shares of NYSE SXI opened at $96.55 on Monday. The company has a market cap of $1,238.64, a P/E ratio of 21.22 and a beta of 1.54. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. Standex International has a 52-week low of $84.30 and a 52-week high of $110.00.
Standex International (NYSE:SXI) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. The firm had revenue of $209.75 million during the quarter, compared to analysts’ expectations of $197.38 million. Standex International had a net margin of 3.99% and a return on equity of 14.98%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. equities research analysts predict that Standex International will post 5.28 earnings per share for the current year.
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Standex International Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company's Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases.
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