Advisors Asset Management Inc. increased its position in shares of Standex Int’l Corp. (NYSE:SXI) by 233.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 10,794 shares of the industrial products company’s stock after buying an additional 7,554 shares during the quarter. Advisors Asset Management Inc.’s holdings in Standex Int’l were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SXI. SG Americas Securities LLC purchased a new stake in Standex Int’l during the first quarter worth $123,000. Schwab Charles Investment Management Inc. boosted its holdings in Standex Int’l by 1.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 91,551 shares of the industrial products company’s stock worth $8,730,000 after buying an additional 1,371 shares in the last quarter. BlackRock Inc. boosted its holdings in Standex Int’l by 6.7% during the first quarter. BlackRock Inc. now owns 1,677,439 shares of the industrial products company’s stock worth $159,944,000 after buying an additional 105,572 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Standex Int’l by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 596,062 shares of the industrial products company’s stock worth $56,835,000 after buying an additional 5,628 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Standex Int’l by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 72,495 shares of the industrial products company’s stock worth $6,913,000 after buying an additional 2,404 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

SXI opened at $98.49 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 19.31 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 posted its quarterly earnings data on Tuesday, August 28th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.01. The business had revenue of $227.51 million for the quarter, compared to the consensus estimate of $232.73 million. Standex Int’l had a net margin of 4.21% and a return on equity of 15.19%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. On average, research analysts anticipate that Standex Int’l Corp. will post 6 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised shares of Standex Int’l from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Tuesday, August 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Standex Int’l has an average rating of “Buy” and a consensus price target of $122.33.

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

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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