Schwab Charles Investment Management Inc. grew its position in shares of Standex Int’l Corp. (NYSE:SXI) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,722 shares of the industrial products company’s stock after acquiring an additional 5,171 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.75% of Standex Int’l worth $9,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ramsey Quantitative Systems boosted its holdings in shares of Standex Int’l by 135.6% in the 2nd quarter. Ramsey Quantitative Systems now owns 1,237 shares of the industrial products company’s stock worth $126,000 after buying an additional 712 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Standex Int’l during the first quarter valued at about $123,000. Amalgamated Bank purchased a new stake in Standex Int’l during the second quarter valued at about $208,000. Profund Advisors LLC purchased a new stake in Standex Int’l during the first quarter valued at about $204,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Standex Int’l during the second quarter valued at about $277,000. 87.07% of the stock is currently owned by institutional investors.

Shares of SXI opened at $110.90 on Monday. Standex Int’l Corp. has a twelve month low of $89.40 and a twelve month high of $114.20. The stock has a market cap of $1.42 billion, a PE ratio of 21.45 and a beta of 1.47. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.43.

Standex Int’l (NYSE:SXI) last announced its quarterly earnings results on Tuesday, August 28th. The industrial products company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.01. Standex Int’l had a return on equity of 15.19% and a net margin of 4.21%. The firm had revenue of $227.51 million for the quarter, compared to analysts’ expectations of $232.73 million. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. sell-side analysts predict that Standex Int’l Corp. will post 5.99 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut Standex Int’l from a “buy” rating to a “hold” rating in a research report on Saturday, September 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $122.33.

In other news, VP Thomas D. Debyle sold 2,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.10, for a total transaction of $220,200.00. Following the sale, the vice president now directly owns 65,343 shares in the company, valued at $7,194,264.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.64% of the company’s stock.

About Standex Int’l

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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