Shell Asset Management Co. Purchases New Stake in Standex International Corporation (SXI)

Shell Asset Management Co. acquired a new stake in Standex International Corporation (NYSE:SXI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,206 shares of the industrial products company’s stock, valued at approximately $905,000. Shell Asset Management Co. owned approximately 0.10% of Standex International Corporation as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Standex International Corporation by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,770 shares of the industrial products company’s stock worth $6,691,000 after buying an additional 2,847 shares in the last quarter. Northern Trust Corp increased its stake in Standex International Corporation by 2.5% during the second quarter. Northern Trust Corp now owns 428,011 shares of the industrial products company’s stock worth $38,821,000 after acquiring an additional 10,484 shares during the last quarter. Keybank National Association OH increased its stake in Standex International Corporation by 21.0% during the second quarter. Keybank National Association OH now owns 7,500 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 1,300 shares during the last quarter. Diversified Trust Co increased its stake in Standex International Corporation by 9.5% during the second quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 200 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Standex International Corporation by 95,699.3% during the first quarter. BlackRock Inc. now owns 1,528,957 shares of the industrial products company’s stock worth $153,126,000 after acquiring an additional 1,527,361 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

In related news, Director Gerald H. Fickenscher sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total value of $189,280.00. Following the transaction, the director now directly owns 9,915 shares of the company’s stock, valued at approximately $938,355.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Hansen sold 1,215 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $104.25, for a total value of $126,663.75. Following the completion of the transaction, the director now directly owns 4,415 shares in the company, valued at $460,263.75. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Shares of Standex International Corporation (SXI) opened at $101.45 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1,287.76, a P/E ratio of 21.25 and a beta of 1.60. Standex International Corporation has a twelve month low of $82.20 and a twelve month high of $110.00.

Standex International Corporation (NYSE:SXI) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. During the same quarter in the prior year, the business earned $1.14 earnings per share. Standex International Corporation’s revenue was up 19.4% on a year-over-year basis. research analysts expect that Standex International Corporation will post 5.23 EPS for the current fiscal year.

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

Several brokerages have weighed in on SXI. B. Riley reissued a “buy” rating on shares of Standex International Corporation in a research note on Wednesday, November 1st. Sidoti cut Standex International Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Standex International Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $108.50.

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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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