Standex International Corporation (SXI) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Standex International Corporation (NYSE:SXI) by 11.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,921 shares of the industrial products company’s stock after purchasing an additional 623 shares during the period. Voya Investment Management LLC’s holdings in Standex International Corporation were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SXI. Pinebridge Investments L.P. boosted its holdings in shares of Standex International Corporation by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock valued at $152,000 after buying an additional 17 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Standex International Corporation by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after buying an additional 45 shares during the period. Diversified Trust Co boosted its holdings in shares of Standex International Corporation by 9.5% in the 2nd quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock valued at $209,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Standex International Corporation by 78.2% in 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 buying an additional 1,103 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Standex International Corporation by 9.1% in the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock valued at $239,000 after buying an additional 219 shares during the period. 87.01% of the stock is owned by institutional investors and hedge funds.

In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $938,355.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Standex International Corporation (NYSE:SXI) opened at $104.10 on Friday. Standex International Corporation has a fifty-two week low of $74.55 and a fifty-two week high of $110.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.51. The company has a market cap of $1,331.23, a PE ratio of 21.96 and a beta of 1.60.

Standex International Corporation (NYSE:SXI) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The business had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. Standex International Corporation had a net margin of 5.83% and a return on equity of 15.06%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. analysts anticipate that Standex International Corporation will post 5.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. This is a positive change from Standex International Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 8th. Standex International Corporation’s payout ratio is presently 17.73%.

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Several research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Standex International Corporation in a report on Wednesday. Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Standex International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $108.50.

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

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