Bank of New York Mellon Corp Acquires 21,541 Shares of Standex Int’l Corp. (SXI)

Bank of New York Mellon Corp lifted its holdings in shares of Standex Int’l Corp. (NYSE:SXI) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,881 shares of the industrial products company’s stock after acquiring an additional 21,541 shares during the period. Bank of New York Mellon Corp’s holdings in Standex Int’l were worth $20,632,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Standex Int’l by 3.3% during the first quarter. Principal Financial Group Inc. now owns 104,550 shares of the industrial products company’s stock worth $9,969,000 after buying an additional 3,310 shares during the period. Amalgamated Bank purchased a new position in Standex Int’l during the second quarter worth about $208,000. Comerica Bank lifted its position in Standex Int’l by 0.6% during the second quarter. Comerica Bank now owns 83,321 shares of the industrial products company’s stock worth $8,369,000 after buying an additional 498 shares during the period. Algert Global LLC purchased a new position in Standex Int’l during the second quarter worth about $772,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Standex Int’l during the second quarter worth about $277,000. 87.41% of the stock is owned by institutional investors.

Several research firms recently weighed in on SXI. Zacks Investment Research downgraded Standex Int’l from a “buy” rating to a “strong sell” rating in a research report on Friday, November 2nd. TheStreet lowered Standex Int’l from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Finally, ValuEngine lowered Standex Int’l from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $106.50.

Shares of NYSE:SXI opened at $79.70 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 15.42 and a beta of 1.66. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.65. Standex Int’l Corp. has a 12 month low of $76.00 and a 12 month high of $114.20.

Standex Int’l (NYSE:SXI) last announced its quarterly earnings results on Monday, October 29th. The industrial products company reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.22). The firm had revenue of $193.08 million for the quarter, compared to analyst estimates of $226.20 million. Standex Int’l had a return on equity of 14.52% and a net margin of 4.54%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. Research analysts predict that Standex Int’l Corp. will post 5.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Thursday, November 8th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 7th. This is a positive change from Standex Int’l’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.00%. Standex Int’l’s dividend payout ratio is currently 15.47%.

In other Standex Int’l news, VP Thomas D. Debyle sold 2,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.10, for a total transaction of $220,200.00. Following the completion of the sale, the vice president now directly owns 65,343 shares in the company, valued at $7,194,264.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.64% of the company’s stock.

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About Standex Int’l

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

See Also: How Investors Use a Balance Sheet

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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