Standex Int’l Corp. (SXI) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Standex Int’l Corp. (NYSE:SXI) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,881 shares of the industrial products company’s stock after buying an additional 21,541 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.57% of Standex Int’l worth $20,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SXI. BlackRock Inc. lifted its holdings in shares of Standex Int’l by 6.7% during the 1st quarter. BlackRock Inc. now owns 1,677,439 shares of the industrial products company’s stock valued at $159,944,000 after buying an additional 105,572 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Standex Int’l by 15.9% in the 1st quarter. Royal Bank of Canada now owns 275,472 shares of the industrial products company’s stock valued at $26,266,000 after acquiring an additional 37,890 shares in the last quarter. Foresters Investment Management Company Inc. raised its stake in shares of Standex Int’l by 29.8% in the 1st quarter. Foresters Investment Management Company Inc. now owns 85,000 shares of the industrial products company’s stock valued at $8,105,000 after acquiring an additional 19,500 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Standex Int’l by 200.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 23,927 shares of the industrial products company’s stock valued at $2,281,000 after acquiring an additional 15,970 shares in the last quarter. Finally, Tygh Capital Management Inc. raised its stake in shares of Standex Int’l by 18.5% in the 1st quarter. Tygh Capital Management Inc. now owns 89,555 shares of the industrial products company’s stock valued at $8,539,000 after acquiring an additional 13,989 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Separately, Zacks Investment Research raised Standex Int’l from a “sell” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.33.

NYSE SXI traded up $0.56 during trading on Monday, hitting $107.23. The company’s stock had a trading volume of 39,500 shares, compared to its average volume of 41,000. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.34 billion, a P/E ratio of 20.77 and a beta of 1.45. Standex Int’l Corp. has a 52 week low of $89.40 and a 52 week high of $114.20.

Standex Int’l (NYSE:SXI) last issued its quarterly earnings results on Tuesday, August 28th. The industrial products company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.01. The company had revenue of $227.51 million for the quarter, compared to the consensus estimate of $232.73 million. Standex Int’l had a return on equity of 15.19% and a net margin of 4.21%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. Sell-side analysts expect that Standex Int’l Corp. will post 6 earnings per share for the current fiscal year.

In other news, VP Thomas D. Debyle sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $110.10, for a total transaction of $220,200.00. Following the sale, the vice president now directly owns 65,343 shares in the company, valued at $7,194,264.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.64% of the company’s stock.

Standex Int’l Company Profile

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.

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

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