Rothschild Asset Management Inc. decreased its position in shares of Standex International Corporation (NYSE:SXI) by 83.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,668 shares of the industrial products company’s stock after selling 79,202 shares during the period. Rothschild Asset Management Inc.’s holdings in Standex International Corporation were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SXI. BlackRock Inc. boosted its position in Standex International Corporation by 95,699.3% in the first quarter. BlackRock Inc. now owns 1,528,957 shares of the industrial products company’s stock worth $153,126,000 after buying an additional 1,527,361 shares during the period. Vanguard Group Inc. boosted its position in Standex International Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,157,681 shares of the industrial products company’s stock worth $115,941,000 after buying an additional 59,348 shares during the period. Champlain Investment Partners LLC boosted its position in Standex International Corporation by 4.3% in the first quarter. Champlain Investment Partners LLC now owns 619,590 shares of the industrial products company’s stock worth $62,052,000 after buying an additional 25,340 shares during the period. Goldman Sachs Group Inc. boosted its position in Standex International Corporation by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 325,292 shares of the industrial products company’s stock worth $32,578,000 after buying an additional 21,608 shares during the period. Finally, State Street Corp boosted its position in Standex International Corporation by 5.7% in the first quarter. State Street Corp now owns 292,098 shares of the industrial products company’s stock worth $29,253,000 after buying an additional 15,847 shares during the period. Institutional investors own 88.95% of the company’s stock.

Standex International Corporation (NYSE:SXI) opened at 94.05 on Thursday. The stock has a market cap of $1.20 billion, a PE ratio of 27.21 and a beta of 1.54. Standex International Corporation has a 1-year low of $74.35 and a 1-year high of $101.24. The company’s 50 day moving average is $92.54 and its 200-day moving average is $92.77.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Monday, August 7th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 3rd. Standex International Corporation’s dividend payout ratio is currently 18.60%.

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A number of research analysts recently weighed in on SXI shares. Zacks Investment Research cut shares of Standex International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Sidoti upgraded shares of Standex International Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $103.00 to $115.00 in a research note on Friday, May 19th. Finally, FBR & Co restated a “buy” rating on shares of Standex International Corporation in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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.

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

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