Standex International Corp. (SXI) Sees Strong Trading Volume
Shares of Standex International Corp. (NYSE:SXI) saw an uptick in trading volume on Friday . 109,950 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 56,936 shares.The stock last traded at $88.93 and had previously closed at $87.79.
Separately, Zacks Investment Research downgraded shares of Standex International Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, May 7th.
The firm has a market cap of $1.15 billion and a PE ratio of 20.39. The stock’s 50-day moving average price is $85.61 and its 200-day moving average price is $79.09.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Monday, August 8th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.62%.
In related news, CAO Sean C. Valashinas sold 710 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $79.96, for a total transaction of $56,771.60. Following the transaction, the chief accounting officer now directly owns 1,412 shares in the company, valued at $112,903.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Fenoglio sold 1,189 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $87.96, for a total transaction of $104,584.44. Following the transaction, the director now owns 14,484 shares in the company, valued at $1,274,012.64. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of the company. Foresters Investment Management Company Inc. raised its position in Standex International Corp. by 14.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 59,500 shares of the company’s stock worth $4,947,000 after buying an additional 7,500 shares during the last quarter. Fiduciary Management Associates LLC increased its position in shares of Standex International Corp. by 7.2% in the fourth quarter. Fiduciary Management Associates LLC now owns 258,733 shares of the company’s stock worth $21,513,000 after buying an additional 17,470 shares during the period. Victory Capital Management Inc. increased its position in shares of Standex International Corp. by 8.8% in the fourth quarter. Victory Capital Management Inc. now owns 349,525 shares of the company’s stock worth $29,063,000 after buying an additional 28,282 shares during the period. Schroder Investment Management Group purchased a new position in shares of Standex International Corp. during the fourth quarter worth approximately $10,843,000. Finally, Principal Financial Group Inc. increased its position in shares of Standex International Corp. by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 87,381 shares of the company’s stock worth $7,266,000 after buying an additional 6,955 shares during the period.
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.