Oppenheimer Asset Management Inc. acquired a new position in shares of Standex Int’l Corp. (NYSE:SXI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,279 shares of the industrial products company’s stock, valued at approximately $240,000.

Several other institutional investors have also recently added to or reduced their stakes in SXI. Huntington National Bank boosted its stake in Standex Int’l by 36.9% in the 2nd quarter. Huntington National Bank now owns 657 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter. Bank of Montreal Can grew its holdings in Standex Int’l by 755.0% during the 2nd quarter. Bank of Montreal Can now owns 1,197 shares of the industrial products company’s stock valued at $87,000 after buying an additional 1,057 shares in the last quarter. Marshall Wace LLP purchased a new stake in Standex Int’l during the 1st quarter valued at approximately $145,000. Advisor Group Inc. grew its holdings in Standex Int’l by 136.3% during the 2nd quarter. Advisor Group Inc. now owns 2,115 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,220 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Standex Int’l by 48.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,491 shares of the industrial products company’s stock valued at $182,000 after buying an additional 814 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

A number of research firms have recently commented on SXI. ValuEngine upgraded Standex Int’l from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Standex Int’l from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, William Blair reiterated a “market perform” rating on shares of Standex Int’l in a research report on Wednesday, August 28th.

Shares of NYSE SXI traded up $0.81 during midday trading on Friday, reaching $78.50. 2,150 shares of the stock traded hands, compared to its average volume of 105,736. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.36 and a quick ratio of 1.73. The stock has a market capitalization of $927.37 million, a PE ratio of 19.48 and a beta of 1.41. Standex Int’l Corp. has a one year low of $59.28 and a one year high of $111.57. The company’s 50 day moving average is $66.43 and its 200 day moving average is $70.74.

Standex Int’l (NYSE:SXI) last posted its earnings results on Monday, August 26th. The industrial products company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.10). The firm had revenue of $209.20 million for the quarter, compared to the consensus estimate of $207.38 million. Standex Int’l had a net margin of 8.58% and a return on equity of 10.92%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. As a group, equities analysts forecast that Standex Int’l Corp. will post 4.6 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.20 dividend. The ex-dividend date was Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%. Standex Int’l’s dividend payout ratio is presently 19.85%.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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