American International Group Inc. Has $1.06 Million Position in Standex Int'l Corp. (SXI)

American International Group Inc. lifted its position in Standex Int'l Corp. (NYSE:SXI) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,007 shares of the industrial products company’s stock after purchasing an additional 545 shares during the period. American International Group Inc. owned about 0.08% of Standex Int'l worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aperio Group LLC increased its holdings in Standex Int'l by 9.1% in the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 219 shares in the last quarter. US Bancorp DE increased its holdings in Standex Int'l by 5.9% in the 2nd quarter. US Bancorp DE now owns 3,121 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 173 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Standex Int'l by 31.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 63,129 shares of the industrial products company’s stock worth $5,726,000 after acquiring an additional 14,953 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Standex Int'l by 3.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,010 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 100 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Standex Int'l by 3.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 19,137 shares of the industrial products company’s stock worth $1,734,000 after acquiring an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

In other news, Director Thomas J. Hansen sold 1,215 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the sale, the director now owns 4,415 shares of the company’s stock, valued at $460,263.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sean C. Valashinas sold 600 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total transaction of $60,396.00. Following the sale, the chief accounting officer now directly owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

SXI has been the subject of several recent analyst reports. FBR & Co reissued a “buy” rating on shares of Standex Int'l in a report on Monday, October 2nd. B. Riley reissued a “buy” rating on shares of Standex Int'l in a report on Wednesday, November 1st. CL King initiated coverage on shares of Standex Int'l in a report on Wednesday, November 29th. They issued a “buy” rating and a $116.00 price target for the company. ValuEngine lowered shares of Standex Int'l from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Sidoti lowered shares of Standex Int'l from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Standex Int'l has a consensus rating of “Hold” and a consensus target price of $111.00.

Shares of Standex Int'l Corp. (NYSE SXI) opened at $100.40 on Tuesday. The company has a market cap of $1,280.09, a price-to-earnings ratio of 21.12 and a beta of 1.60. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Standex Int'l Corp. has a 1-year low of $84.30 and a 1-year high of $110.00.

Standex Int'l (NYSE:SXI) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.18 by $0.17. Standex Int'l had a net margin of 5.83% and a return on equity of 15.06%. The company had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. During the same quarter in the previous year, the firm earned $1.14 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. analysts expect that Standex Int'l Corp. will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 9th were issued a dividend of $0.18 per share. This is a positive change from Standex Int'l’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.72%. Standex Int'l’s dividend payout ratio is presently 19.94%.

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Standex Int'l 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.

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

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