New York State Teachers Retirement System decreased its position in Standex International Corporation (NYSE:SXI) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,543 shares of the industrial products company’s stock after selling 600 shares during the period. New York State Teachers Retirement System owned approximately 0.36% of Standex International Corporation worth $4,837,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Copeland Capital Management LLC lifted its holdings in Standex International Corporation by 1.9% in the third quarter. Copeland Capital Management LLC now owns 121,051 shares of the industrial products company’s stock valued at $12,856,000 after buying an additional 2,290 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Standex International Corporation in the third quarter valued at $290,000. Shell Asset Management Co. acquired a new position in Standex International Corporation in the third quarter valued at $905,000. Piedmont Investment Advisors LLC acquired a new position in Standex International Corporation in the second quarter valued at $250,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Standex International Corporation in the second quarter valued at $288,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of Standex International Corporation stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total value of $189,280.00. Following the completion of the sale, the director now directly owns 9,915 shares of the company’s stock, valued at $938,355.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Hansen sold 1,215 shares of Standex International Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the sale, the director now directly owns 4,415 shares of the company’s stock, valued at $460,263.75. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Shares of Standex International Corporation (SXI) opened at $101.45 on Friday. Standex International Corporation has a 52 week low of $82.20 and a 52 week high of $110.00. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1,287.76, a price-to-earnings ratio of 21.25 and a beta of 1.60.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th will be paid a $0.18 dividend. This is an increase from Standex International Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 8th. Standex International Corporation’s payout ratio is 19.94%.

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Several equities analysts recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Standex International Corporation in a report on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of Standex International Corporation in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Standex International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target 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.

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

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