BNP Paribas Arbitrage SA lifted its position in Standex International Corporation (NYSE:SXI) by 61.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,773 shares of the industrial products company’s stock after acquiring an additional 2,586 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.05% of Standex International worth $719,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. grew its position in Standex International by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock valued at $152,000 after buying an additional 17 shares during the period. UBS Asset Management Americas Inc. grew its position in Standex International by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after buying an additional 45 shares during the period. Aperio Group LLC grew its position in Standex International by 9.1% during the second quarter. Aperio Group LLC now owns 2,636 shares of the industrial products company’s stock valued at $239,000 after buying an additional 219 shares during the period. Crossmark Global Holdings Inc. bought a new position in Standex International during the third quarter valued at about $290,000. Finally, Piedmont Investment Advisors LLC bought a new position in Standex International during the second quarter valued at about $250,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.
Standex International Corporation (NYSE SXI) traded down $0.75 on Tuesday, reaching $104.25. 45,300 shares of the company traded hands, compared to its average volume of 39,442. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.40. The company has a market capitalization of $1,342.75, a price-to-earnings ratio of 22.15 and a beta of 1.60. Standex International Corporation has a one year low of $84.30 and a one year high of $110.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, November 8th. This is a positive change from Standex International’s previous quarterly dividend of $0.16. Standex International’s dividend payout ratio (DPR) is currently 19.94%.
Several equities analysts recently weighed in on SXI shares. B. Riley restated a “buy” rating on shares of Standex International in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of Standex International in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Standex International from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Sidoti lowered shares of Standex International from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, ValuEngine lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $111.00.
In other Standex International news, Director Thomas J. Hansen sold 1,215 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the transaction, the director now owns 4,415 shares in the company, valued at $460,263.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sean C. Valashinas sold 600 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total transaction of $60,396.00. Following the transaction, the chief accounting officer now owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Standex International Company 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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