Standex International Corporation (SXI) Shares Sold by Public Sector Pension investment Board

Public Sector Pension investment Board reduced its stake in Standex International Corporation (NYSE:SXI) by 27.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,597 shares of the industrial products company’s stock after selling 2,500 shares during the period. Public Sector Pension investment Board owned 0.05% of Standex International Corporation worth $598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pinebridge Investments L.P. increased its stake in Standex International Corporation by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 17 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Standex International Corporation by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 45 shares in the last quarter. New York State Common Retirement Fund increased its stake in Standex International Corporation by 6.7% in the second quarter. New York State Common Retirement Fund now owns 14,300 shares of the industrial products company’s stock valued at $1,297,000 after purchasing an additional 899 shares in the last quarter. BRYN MAWR TRUST Co increased its stake in Standex International Corporation by 0.4% in the second quarter. BRYN MAWR TRUST Co now owns 94,072 shares of the industrial products company’s stock valued at $8,532,000 after purchasing an additional 333 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Standex International Corporation by 7.8% in the second quarter. Thrivent Financial For Lutherans now owns 7,760 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 560 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Gerald H. Fickenscher sold 2,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 9,915 shares in the company, valued at approximately $938,355.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.

Shares of Standex International Corporation (NYSE:SXI) opened at 103.95 on Friday. The stock’s 50 day moving average is $99.22 and its 200 day moving average is $93.86. Standex International Corporation has a 52-week low of $74.35 and a 52-week high of $110.00. The company has a market capitalization of $1.33 billion, a P/E ratio of 28.50 and a beta of 1.57.

Standex International Corporation (NYSE:SXI) last issued its quarterly earnings results on Monday, August 28th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.11. The company had revenue of $217.10 million during the quarter, compared to analyst estimates of $210.05 million. Standex International Corporation had a net margin of 6.08% and a return on equity of 14.76%. Standex International Corporation’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. Equities analysts expect that Standex International Corporation will post $5.07 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/10/08/standex-international-corporation-sxi-shares-sold-by-public-sector-pension-investment-board.html.

Several equities research analysts have recently commented on SXI shares. Zacks Investment Research raised shares of Standex International Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday, July 5th. FBR & Co reissued a “buy” rating on shares of Standex International Corporation in a research report on Tuesday, July 18th. BidaskClub raised shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Sidoti downgraded shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Standex International Corporation presently has an average rating of “Hold” and a consensus price target of $108.50.

Standex International Corporation Company Profile

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)

Receive News & Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply