Bank of America Corp DE Has $3.33 Million Stake in Standex Int’l Corp. (SXI)

Bank of America Corp DE lifted its position in Standex Int’l Corp. (NYSE:SXI) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,603 shares of the industrial products company’s stock after buying an additional 2,085 shares during the period. Bank of America Corp DE’s holdings in Standex Int’l were worth $3,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SXI. BlackRock Inc. grew its position in Standex Int’l by 10.2% during the 2nd quarter. BlackRock Inc. now owns 1,847,731 shares of the industrial products company’s stock worth $188,837,000 after purchasing an additional 170,292 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Standex Int’l by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 602,825 shares of the industrial products company’s stock worth $61,609,000 after purchasing an additional 6,763 shares during the last quarter. Janus Henderson Group PLC grew its position in Standex Int’l by 4.8% during the 2nd quarter. Janus Henderson Group PLC now owns 443,262 shares of the industrial products company’s stock worth $45,301,000 after purchasing an additional 20,373 shares during the last quarter. FMR LLC grew its position in Standex Int’l by 2.1% during the 2nd quarter. FMR LLC now owns 387,800 shares of the industrial products company’s stock worth $39,633,000 after purchasing an additional 8,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Standex Int’l by 11.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 201,881 shares of the industrial products company’s stock worth $20,632,000 after purchasing an additional 21,541 shares during the last quarter. 86.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SXI opened at $81.01 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.74 and a debt-to-equity ratio of 0.65. Standex Int’l Corp. has a 12 month low of $76.00 and a 12 month high of $114.20. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 16.07 and a beta of 1.66.

Standex Int’l (NYSE:SXI) last announced its quarterly earnings data on Monday, October 29th. The industrial products company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.22). Standex Int’l had a net margin of 4.54% and a return on equity of 14.52%. The business had revenue of $193.08 million for the quarter, compared to analyst estimates of $226.20 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Standex Int’l Corp. will post 5.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Thursday, November 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.99%. This is a boost from Standex Int’l’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, November 7th. Standex Int’l’s payout ratio is presently 13.93%.

In other Standex Int’l news, VP Thomas D. Debyle sold 2,000 shares of Standex Int’l stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $110.10, for a total transaction of $220,200.00. Following the completion of the sale, the vice president now directly owns 65,343 shares in the company, valued at approximately $7,194,264.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

Several analysts have weighed in on SXI shares. Zacks Investment Research raised shares of Standex Int’l from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine downgraded shares of Standex Int’l from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Finally, TheStreet downgraded shares of Standex Int’l from a “b” rating to a “c+” rating in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $109.67.

About Standex Int’l

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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