BlackRock Inc. Acquires 1,527,361 Shares of Standex International Corporation (SXI)

BlackRock Inc. increased its position in Standex International Corporation (NYSE:SXI) by 95,699.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,528,957 shares of the industrial products company’s stock after buying an additional 1,527,361 shares during the period. BlackRock Inc. owned about 11.99% of Standex International Corporation worth $153,126,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Standex International Corporation during the fourth quarter worth approximately $12,976,000. Vanguard Group Inc. boosted its stake 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. Netols Asset Management Inc. bought a new stake in Standex International Corporation during the first quarter worth approximately $5,939,000. Loomis Sayles & Co. L P boosted its stake in Standex International Corporation by 48.1% in the first quarter. Loomis Sayles & Co. L P now owns 177,911 shares of the industrial products company’s stock worth $17,818,000 after buying an additional 57,786 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Standex International Corporation by 34.5% in the first quarter. Victory Capital Management Inc. now owns 216,730 shares of the industrial products company’s stock worth $21,706,000 after buying an additional 55,641 shares during the period. 89.27% of the stock is currently owned by institutional investors.

Standex International Corporation (NYSE SXI) traded up 0.21% on Friday, reaching $93.30. 34,545 shares of the company were exchanged. The firm has a 50-day moving average of $93.24 and a 200 day moving average of $92.96. Standex International Corporation has a 12-month low of $74.35 and a 12-month high of $101.24. The firm has a market capitalization of $1.19 billion, a P/E ratio of 27.00 and a beta of 1.54.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 7th will be given a $0.16 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.64 annualized dividend and a yield of 0.69%. Standex International Corporation’s payout ratio is presently 18.60%.

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

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

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