Piermont Capital Management Inc. boosted its position in Standex International Corporation (NYSE:SXI) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,641 shares of the company’s stock after buying an additional 1,000 shares during the period. Piermont Capital Management Inc. owned about 0.09% of Standex International Corporation worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SXI. Morgan Stanley increased its position in shares of Standex International Corporation by 46.9% in the third quarter. Morgan Stanley now owns 7,298 shares of the company’s stock worth $678,000 after buying an additional 2,329 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Standex International Corporation by 3.6% in the third quarter. Principal Financial Group Inc. now owns 97,087 shares of the company’s stock worth $9,017,000 after buying an additional 3,344 shares in the last quarter. Northern Trust Corp increased its position in shares of Standex International Corporation by 1.8% in the third quarter. Northern Trust Corp now owns 423,891 shares of the company’s stock worth $39,367,000 after buying an additional 7,691 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Standex International Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 26,866 shares of the company’s stock worth $2,495,000 after buying an additional 200 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Standex International Corporation during the third quarter worth approximately $186,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

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

Shares of Standex International Corporation (NYSE:SXI) traded up 1.26% during midday trading on Friday, hitting $88.40. The stock had a trading volume of 38,129 shares. The stock has a market cap of $1.13 billion, a PE ratio of 22.58 and a beta of 1.48. Standex International Corporation has a one year low of $65.53 and a one year high of $97.55. The firm has a 50 day moving average price of $90.26 and a 200 day moving average price of $87.31.

Standex International Corporation (NYSE:SXI) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by $0.07. Standex International Corporation had a net margin of 6.82% and a return on equity of 14.96%. The business earned $179.60 million during the quarter, compared to the consensus estimate of $192.66 million. During the same period last year, the firm earned $1.34 EPS. On average, equities analysts forecast that Standex International Corporation will post $4.57 earnings per share for the current fiscal year.

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SXI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Standex International Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. CJS Securities initiated coverage on Standex International Corporation in a research note on Monday, December 12th. They set a “market perform” rating on the stock. Finally, Sidoti lowered Standex International Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a research note on Monday, December 19th.

In related news, Director Roger L. Fix sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $85.40, for a total transaction of $213,500.00. Following the sale, the director now owns 3,623 shares of the company’s stock, valued at approximately $309,404.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 4,455 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $87.80, for a total transaction of $391,149.00. Following the sale, the chief executive officer now directly owns 46,145 shares in the company, valued at approximately $4,051,531. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

About Standex International Corporation

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.

5 Day Chart for NYSE:SXI

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