Advisors Asset Management Inc. lessened its holdings in shares of Standex International Corporation (NYSE:SXI) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,716 shares of the industrial products company’s stock after selling 898 shares during the quarter. Advisors Asset Management Inc.’s holdings in Standex International were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Pinebridge Investments L.P. lifted its stake in shares of Standex International by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock valued at $152,000 after buying an additional 17 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Standex International by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after buying an additional 45 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Standex International by 9.1% during the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock valued at $239,000 after buying an additional 219 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Standex International during the 2nd quarter valued at $250,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Standex International by 3.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,010 shares of the industrial products company’s stock valued at $273,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

A number of research analysts recently weighed in on SXI shares. B. Riley restated a “buy” rating on shares of Standex International in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of Standex International in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Standex International from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Sidoti cut shares of Standex International from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut shares of Standex International 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, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $111.00.

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

Standex International Corporation (SXI) traded down $0.55 on Wednesday, hitting $103.70. 28,100 shares of the company were exchanged, compared to its average volume of 39,393. The stock has a market cap of $1,333.16, a PE ratio of 21.99 and a beta of 1.60. Standex International Corporation has a 52 week low of $84.30 and a 52 week high of $110.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.40.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.18 by $0.17. The business had revenue of $214.40 million for the quarter, compared to analysts’ expectations of $195.63 million. Standex International had a net margin of 5.83% and a return on equity of 15.06%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. equities research analysts anticipate that Standex International Corporation will post 5.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.72 annualized dividend and a yield of 0.69%. This is a boost from Standex International’s previous quarterly dividend of $0.16. Standex International’s payout ratio is presently 19.94%.

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About Standex International

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.

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

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