PNC Financial Services Group Inc. raised its stake in shares of Standex International Corporation (NYSE:SXI) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,362 shares of the industrial products company’s stock after acquiring an additional 4 shares during the period. PNC Financial Services Group Inc.’s holdings in Standex International Corporation were worth $486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Standex International Corporation during the 1st quarter worth approximately $110,000. Diversified Trust Co raised its stake in shares of Standex International Corporation by 9.5% during the 2nd quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock worth $209,000 after buying an additional 200 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Standex International Corporation during the 1st quarter worth approximately $225,000. State of Alaska Department of Revenue raised its stake in shares of Standex International Corporation by 78.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock worth $227,000 after buying an additional 1,103 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Standex International Corporation by 9.1% during the 2nd quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock worth $239,000 after buying an additional 219 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on SXI shares. Zacks Investment Research raised Standex International Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Wednesday, July 5th. FBR & Co reissued a “buy” rating on shares of Standex International Corporation in a research note on Tuesday, July 18th. Finally, Sidoti downgraded Standex International Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Standex International Corporation currently has a consensus rating of “Hold” and a consensus target price of $108.50.

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Shares of Standex International Corporation (NYSE SXI) opened at 102.95 on Monday. The company has a 50 day moving average price of $101.02 and a 200-day moving average price of $94.11. The firm has a market cap of $1.32 billion, a PE ratio of 28.23 and a beta of 1.56. Standex International Corporation has a 12-month low of $74.35 and a 12-month high of $110.00.

Standex International Corporation (NYSE:SXI) last announced its earnings results on Monday, August 28th. The industrial products company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.11. Standex International Corporation had a return on equity of 14.76% and a net margin of 6.08%. The firm had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $210.05 million. During the same quarter in the previous year, the company earned $1.31 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts expect that Standex International Corporation will post $5.07 EPS for the current year.

In related news, Director Gerald H. Fickenscher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total transaction of $189,280.00. Following the sale, the director now owns 9,915 shares of the company’s stock, valued at $938,355.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Standex International Corporation 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.

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Institutional Ownership by Quarter for Standex International Corporation (NYSE:SXI)

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