First Manhattan Co. maintained its stake in shares of Standex International Corporation (NYSE:SXI) during the second quarter, Holdings Channel reports. The fund owned 1,500 shares of the industrial products company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Standex International Corporation were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SXI. Ameritas Investment Partners Inc. acquired a new stake in shares of Standex International Corporation during the first quarter valued at approximately $110,000. State of Alaska Department of Revenue raised its stake in shares of Standex International Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,410 shares of the industrial products company’s stock valued at $141,000 after buying an additional 30 shares in the last quarter. Diversified Trust Co raised its stake in shares of Standex International Corporation by 9.5% in the second quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock valued at $209,000 after buying an additional 200 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Standex International Corporation during the first quarter valued at approximately $225,000. Finally, Aperio Group LLC raised its stake in shares of Standex International Corporation by 9.1% in the second 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. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Shares of Standex International Corporation (NYSE:SXI) opened at 93.35 on Friday. Standex International Corporation has a one year low of $74.35 and a one year high of $101.24. The stock’s 50 day moving average price is $92.69 and its 200 day moving average price is $92.81. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 27.01 and a beta of 1.54.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.69%. Standex International Corporation’s payout ratio is currently 18.60%.

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Several brokerages have recently commented on SXI. Zacks Investment Research lowered Standex International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. FBR & Co reiterated an “outperform” rating on shares of Standex International Corporation in a report on Tuesday, July 11th. Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $103.00 to $115.00 in a report on Friday, May 19th. Finally, BidaskClub upgraded Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $108.50.

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.

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

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