Schroder Investment Management Group reduced its stake in Standex International Corp. (NYSE:SXI) by 66.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,800 shares of the company’s stock after selling 118,700 shares during the period. Schroder Investment Management Group owned 0.47% of Standex International Corp. worth $5,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Standex International Corp. by 3.2% in the first quarter. Arizona State Retirement System now owns 6,540 shares of the company’s stock valued at $509,000 after buying an additional 200 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of Standex International Corp. by 2.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 507,494 shares of the company’s stock valued at $39,488,000 after buying an additional 12,992 shares during the period. Legal & General Group Plc raised its position in shares of Standex International Corp. by 15.8% in the first quarter. Legal & General Group Plc now owns 3,091 shares of the company’s stock valued at $240,000 after buying an additional 422 shares during the period. Geode Capital Management LLC raised its position in shares of Standex International Corp. by 7.8% in the first quarter. Geode Capital Management LLC now owns 84,246 shares of the company’s stock valued at $6,555,000 after buying an additional 6,125 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Standex International Corp. by 12.9% in the first quarter. Goldman Sachs Group Inc. now owns 281,108 shares of the company’s stock valued at $21,873,000 after buying an additional 32,153 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Standex International Corp. (NYSE:SXI) traded up 0.42% on Tuesday, hitting $88.25. The company had a trading volume of 38,197 shares. The company has a 50 day moving average of $87.57 and a 200-day moving average of $83.05. Standex International Corp. has a 12-month low of $65.53 and a 12-month high of $93.10. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 21.65 and a beta of 1.33.

Standex International Corp. (NYSE:SXI) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The company earned $193.80 million during the quarter, compared to the consensus estimate of $198.61 million. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. During the same period in the prior year, the company posted $1.31 EPS. On average, analysts forecast that Standex International Corp. will post $5.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Monday, August 8th were issued a $0.14 dividend. The ex-dividend date was Thursday, August 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. Standex International Corp.’s dividend payout ratio is currently 13.76%.

Separately, Zacks Investment Research raised Standex International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th.

In other Standex International Corp. news, Director William R. Fenoglio sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $85.97, for a total value of $429,850.00. Following the transaction, the director now owns 6,484 shares of the company’s stock, valued at $557,429.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Fenoglio sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $84.25, for a total value of $252,750.00. Following the completion of the transaction, the director now directly owns 11,484 shares in the company, valued at approximately $967,527. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

About Standex International Corp.

Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.

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