Millennium Management LLC Acquires 12,010 Shares of Standex Int’l Corp. (SXI)

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Millennium Management LLC increased its holdings in shares of Standex Int’l Corp. (NYSE:SXI) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,225 shares of the industrial products company’s stock after acquiring an additional 12,010 shares during the quarter. Millennium Management LLC owned about 0.47% of Standex Int’l worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Standex Int’l by 209.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 140,586 shares of the industrial products company’s stock worth $9,445,000 after acquiring an additional 95,161 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Standex Int’l during the third quarter worth about $2,478,000. Renaissance Technologies LLC boosted its position in Standex Int’l by 134.8% during the third quarter. Renaissance Technologies LLC now owns 16,908 shares of the industrial products company’s stock worth $1,763,000 after acquiring an additional 9,708 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Standex Int’l by 29.2% during the third quarter. Advisors Asset Management Inc. now owns 3,225 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 729 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Standex Int’l by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 8,395 shares of the industrial products company’s stock worth $564,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

NYSE:SXI opened at $74.89 on Thursday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $941.39 million, a price-to-earnings ratio of 14.49 and a beta of 1.68. Standex Int’l Corp. has a 1-year low of $62.02 and a 1-year high of $114.20.

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

Separately, Zacks Investment Research upgraded shares of Standex Int’l from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $106.50.

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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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