Janus Henderson Group PLC Grows Position in Standex Int'l Corp. (NYSE:SXI)

Janus Henderson Group PLC raised its holdings in Standex Int'l Corp. (NYSE:SXI) by 14.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,831 shares of the industrial products company’s stock after purchasing an additional 42,009 shares during the quarter. Janus Henderson Group PLC owned 2.59% of Standex Int'l worth $35,134,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Northern Trust Corp raised its position in Standex Int'l by 2.5% in the second quarter. Northern Trust Corp now owns 428,011 shares of the industrial products company’s stock valued at $38,821,000 after purchasing an additional 10,484 shares during the period. State Street Corp raised its holdings in shares of Standex Int'l by 3.5% in the 2nd quarter. State Street Corp now owns 302,261 shares of the industrial products company’s stock valued at $27,414,000 after buying an additional 10,163 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Standex Int'l by 28.5% in the 2nd quarter. Victory Capital Management Inc. now owns 278,539 shares of the industrial products company’s stock valued at $25,263,000 after buying an additional 61,809 shares during the period. Royal Bank of Canada raised its holdings in shares of Standex Int'l by 7.7% in the 2nd quarter. Royal Bank of Canada now owns 248,872 shares of the industrial products company’s stock valued at $22,572,000 after buying an additional 17,824 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Standex Int'l by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 153,763 shares of the industrial products company’s stock valued at $16,330,000 after buying an additional 1,001 shares during the period. Institutional investors own 86.21% of the company’s stock.

Several equities research analysts recently issued reports on SXI shares. B. Riley reiterated a “buy” rating on shares of Standex Int'l in a report on Wednesday, November 1st. FBR & Co reissued a “buy” rating on shares of Standex Int'l in a research note on Monday, October 2nd. Zacks Investment Research cut Standex Int'l from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Sidoti cut Standex Int'l from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut Standex Int'l from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $111.00.

In other Standex Int'l news, Director Thomas J. Hansen sold 1,215 shares of the company’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 sale, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $460,263.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sean C. Valashinas sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total value of $60,396.00. Following the sale, the chief accounting officer now directly owns 1,737 shares of the company’s stock, valued at $174,846.42. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Standex Int'l Corp. (SXI) traded up $3.15 during trading hours on Thursday, hitting $104.00. The stock had a trading volume of 38,354 shares, compared to its average volume of 40,719. The firm has a market cap of $1,290.00, a PE ratio of 28.42 and a beta of 1.61. The company has a current ratio of 2.40, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. Standex Int'l Corp. has a twelve month low of $84.30 and a twelve month high of $110.00.

Standex Int'l (NYSE:SXI) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.17. The firm had revenue of $214.40 million during the quarter, compared to analysts’ expectations of $195.63 million. Standex Int'l had a return on equity of 15.06% and a net margin of 5.83%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. research analysts forecast that Standex Int'l Corp. will post 5.23 EPS for the current fiscal year.

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Standex Int'l 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 Int'l (NYSE:SXI)

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