Swiss National Bank Has $2.12 Million Stake in Standex International (SXI)

Swiss National Bank lifted its position in Standex International (NYSE:SXI) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,200 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned about 0.17% of Standex International worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SXI. Schwab Charles Investment Management Inc. increased its stake in shares of Standex International by 4.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 90,180 shares of the industrial products company’s stock worth $9,185,000 after purchasing an additional 4,233 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Standex International in the fourth quarter worth $448,000. California Public Employees Retirement System increased its stake in shares of Standex International by 8.9% in the fourth quarter. California Public Employees Retirement System now owns 16,196 shares of the industrial products company’s stock worth $1,650,000 after purchasing an additional 1,324 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Standex International by 12.9% in the fourth quarter. First Trust Advisors LP now owns 31,225 shares of the industrial products company’s stock worth $3,180,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Standex International by 53.9% in the fourth quarter. Wells Fargo & Company MN now owns 49,695 shares of the industrial products company’s stock worth $5,062,000 after purchasing an additional 17,395 shares in the last quarter. 86.47% of the stock is owned by hedge funds and other institutional investors.

SXI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Standex International from a “hold” rating to a “sell” rating in a research note on Saturday, May 5th. Sidoti raised shares of Standex International from a “neutral” rating to a “buy” rating in a research note on Monday, April 2nd. William Blair initiated coverage on shares of Standex International in a research note on Monday, April 9th. They set a “market perform” rating for the company. ValuEngine cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, TheStreet cut shares of Standex International from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $115.67.

Standex International opened at $105.20 on Monday, Marketbeat Ratings reports. Standex International has a 52 week low of $88.10 and a 52 week high of $110.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.50 and a quick ratio of 1.61. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 23.12 and a beta of 1.56.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.09). Standex International had a net margin of 4.44% and a return on equity of 14.94%. The business had revenue of $216.70 million for the quarter, compared to the consensus estimate of $207.61 million. During the same quarter last year, the business earned $0.93 EPS. Standex International’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts anticipate that Standex International will post 5.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Thursday, May 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $0.72 annualized dividend and a yield of 0.68%. Standex International’s dividend payout ratio (DPR) is currently 15.82%.

In other news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $101.65, for a total value of $203,300.00. Following the completion of the sale, the director now owns 8,867 shares in the company, valued at approximately $901,330.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David A. Dunbar sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $101.43, for a total transaction of $405,720.00. Following the completion of the sale, the chief executive officer now owns 54,164 shares of the company’s stock, valued at approximately $5,493,854.52. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

About Standex International

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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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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