Nationwide Fund Advisors cut its position in shares of Standex International Corp. (NYSE:SXI) by 8.4% during the second quarter, Holdings Channel reports. The fund owned 21,898 shares of the company’s stock after selling 2,007 shares during the period. Nationwide Fund Advisors owned 0.17% of Standex International Corp. worth $1,809,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Standex International Corp. by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 143,564 shares of the company’s stock worth $11,863,000 after buying an additional 7,592 shares during the last quarter. William Blair Investment Management LLC increased its stake in Standex International Corp. by 2.2% in the second quarter. William Blair Investment Management LLC now owns 184,849 shares of the company’s stock worth $15,274,000 after buying an additional 3,981 shares during the last quarter. Princeton Alpha Management LP bought a new stake in Standex International Corp. during the second quarter worth $323,000. Emerald Acquisition Ltd. bought a new stake in Standex International Corp. during the second quarter worth $3,292,000. Finally, Rothschild Asset Management Inc. increased its stake in Standex International Corp. by 3.1% in the second quarter. Rothschild Asset Management Inc. now owns 104,894 shares of the company’s stock worth $8,667,000 after buying an additional 3,151 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
Standex International Corp. (NYSE:SXI) traded up 0.33% during mid-day trading on Friday, reaching $87.43. The company had a trading volume of 37,004 shares. Standex International Corp. has a 12-month low of $65.53 and a 12-month high of $93.29. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.45 and a beta of 1.53. The firm has a 50-day moving average price of $87.70 and a 200 day moving average price of $84.88.
Standex International Corp. (NYSE:SXI) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. The firm earned $193.80 million during the quarter, compared to the consensus estimate of $198.61 million. During the same period in the previous year, the business earned $1.31 earnings per share. Analysts expect that Standex International Corp. will post $5.02 EPS for the current year.
Separately, Zacks Investment Research downgraded Standex International Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 1st.
In other Standex International Corp. news, Director William R. Fenoglio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $85.97, for a total value of $429,850.00. Following the completion of the transaction, the director now directly owns 6,484 shares of the company’s stock, valued at approximately $557,429.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Fenoglio sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $84.25, for a total transaction of $252,750.00. Following the completion of the transaction, the director now directly owns 11,484 shares of the company’s stock, valued at $967,527. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.
Standex International Corp. Company Profile
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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