Wolverine Trading LLC acquired a new stake in shares of Standex International Corporation (NYSE:SXI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,304 shares of the industrial products company’s stock, valued at approximately $563,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in Standex International by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,770 shares of the industrial products company’s stock valued at $6,691,000 after purchasing an additional 2,847 shares in the last quarter. Northern Trust Corp lifted its holdings in Standex International by 2.5% during the second quarter. Northern Trust Corp now owns 428,011 shares of the industrial products company’s stock valued at $38,821,000 after purchasing an additional 10,484 shares in the last quarter. Keybank National Association OH lifted its holdings in Standex International by 21.0% during the second quarter. Keybank National Association OH now owns 7,500 shares of the industrial products company’s stock valued at $680,000 after purchasing an additional 1,300 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Standex International by 0.8% during the second quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock valued at $844,000 after purchasing an additional 74 shares in the last quarter. Finally, Century Capital Management LLC purchased a new position in Standex International during the second quarter valued at $794,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.
Standex International Corporation (NYSE:SXI) traded down $0.55 during trading hours on Tuesday, hitting $101.15. 45,100 shares of the stock traded hands, compared to its average volume of 39,526. The company has a current ratio of 2.40, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1,300.55, a P/E ratio of 21.46 and a beta of 1.60. Standex International Corporation has a 12-month low of $84.30 and a 12-month high of $110.00.
Standex International (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, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The firm had revenue of $214.40 million for the quarter, compared to the consensus estimate of $195.63 million. Standex International had a net margin of 5.83% and a return on equity of 15.06%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. analysts expect that Standex International Corporation will post 5.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 9th were paid a $0.18 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, November 8th. Standex International’s dividend payout ratio (DPR) is currently 19.94%.
In other Standex International news, Director Thomas J. Hansen sold 1,215 shares of Standex International stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the transaction, the director now directly owns 4,415 shares of the company’s stock, valued at $460,263.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sean C. Valashinas sold 600 shares of Standex International stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total transaction of $60,396.00. Following the transaction, the chief accounting officer now directly owns 1,737 shares in the company, valued at $174,846.42. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
SXI has been the topic of several recent analyst reports. ValuEngine downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Standex International from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Sidoti downgraded shares of Standex International from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. B. Riley reissued a “buy” rating on shares of Standex International in a research note on Wednesday, November 1st. Finally, FBR & Co reissued a “buy” rating on shares of Standex International in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Standex International has an average rating of “Hold” and a consensus price target of $111.00.
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Standex International 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.
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