Standex International Corporation (SXI) Position Maintained by Choate Investment Advisors
Choate Investment Advisors held its stake in shares of Standex International Corporation (NYSE:SXI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,301 shares of the industrial products company’s stock at the end of the 2nd quarter. Choate Investment Advisors owned 0.39% of Standex International Corporation worth $4,562,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Standex International Corporation during the 1st quarter valued at about $110,000. UBS Asset Management Americas Inc. bought a new stake in shares of Standex International Corporation during the 1st quarter valued at about $225,000. Diversified Trust Co boosted its position in shares of Standex International Corporation by 9.5% during the 2nd quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 200 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Standex International Corporation during the 1st quarter valued at about $242,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Standex International Corporation by 78.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.
Several brokerages recently commented on SXI. FBR & Co restated a “buy” rating on shares of Standex International Corporation in a research report on Tuesday, July 18th. BidaskClub upgraded Standex International Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered Standex International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $103.00 to $115.00 in a research report on Friday, May 19th. One 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. Standex International Corporation presently has a consensus rating of “Hold” and a consensus target price of $108.50.
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Standex International Corporation (NYSE SXI) traded up 1.06% on Friday, reaching $100.35. The company had a trading volume of 85,850 shares. Standex International Corporation has a one year low of $74.35 and a one year high of $101.24. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.52 and a beta of 1.54. The company’s 50 day moving average is $94.60 and its 200-day moving average is $92.92.
Standex International Corporation (NYSE:SXI) last released its earnings results on Monday, August 28th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.11. Standex International Corporation had a net margin of 6.08% and a return on equity of 14.76%. The firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $210.05 million. During the same period last year, the business earned $1.31 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Standex International Corporation will post $5.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 7th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.64 annualized dividend and a dividend yield of 0.64%. Standex International Corporation’s payout ratio is 17.78%.
In other news, Director Gerald H. Fickenscher sold 2,000 shares of Standex International Corporation stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the transaction, the director now directly owns 9,915 shares in the company, valued at $938,355.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.
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.
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