Standex Int’l Corp. (SXI) Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Standex Int’l Corp. (NYSE:SXI) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,655 shares of the industrial products company’s stock after selling 1,116 shares during the period. New York State Teachers Retirement System owned about 0.32% of Standex Int’l worth $2,798,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its position in Standex Int’l by 6.8% in the second quarter. Bank of America Corp DE now owns 32,603 shares of the industrial products company’s stock valued at $3,332,000 after buying an additional 2,085 shares in the last quarter. California Public Employees Retirement System boosted its position in Standex Int’l by 26.1% in the second quarter. California Public Employees Retirement System now owns 17,587 shares of the industrial products company’s stock valued at $1,797,000 after buying an additional 3,642 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Standex Int’l by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 201,881 shares of the industrial products company’s stock valued at $20,632,000 after buying an additional 21,541 shares in the last quarter. United Services Automobile Association acquired a new stake in Standex Int’l in the second quarter valued at approximately $210,000. Finally, Ramsey Quantitative Systems boosted its position in Standex Int’l by 158.4% in the third quarter. Ramsey Quantitative Systems now owns 3,197 shares of the industrial products company’s stock valued at $333,000 after buying an additional 1,960 shares in the last quarter. 90.44% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on SXI shares. Zacks Investment Research lowered shares of Standex Int’l from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Standex Int’l from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. TheStreet lowered shares of Standex Int’l from a “b” rating to a “c+” rating in a research report on Monday, October 29th. Finally, William Blair restated a “market perform” rating on shares of Standex Int’l in a research report on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $106.50.

Shares of NYSE:SXI opened at $73.78 on Monday. The firm has a market cap of $933.55 million, a PE ratio of 14.27 and a beta of 1.63. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. Standex Int’l Corp. has a 52 week low of $62.02 and a 52 week high of $114.20.

Standex Int’l (NYSE:SXI) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.23). The business had revenue of $195.50 million for the quarter, compared to analyst estimates of $197.38 million. Standex Int’l had a return on equity of 13.88% and a net margin of 6.56%. Standex Int’l’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts anticipate that Standex Int’l Corp. will post 5.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Monday, February 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. Standex Int’l’s dividend payout ratio (DPR) is presently 15.47%.

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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.

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

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