Aigen Investment Management LP Lowers Stock Holdings in Standex International Co. (NYSE:SXI)

Aigen Investment Management LP cut its stake in shares of Standex International Co. (NYSE:SXI) by 6.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,665 shares of the industrial products company’s stock after selling 333 shares during the period. Aigen Investment Management LP’s holdings in Standex International were worth $446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SXI. Norges Bank purchased a new stake in shares of Standex International during the 4th quarter valued at $10,397,000. BlackRock Inc. grew its stake in shares of Standex International by 5.8% during the 1st quarter. BlackRock Inc. now owns 1,999,562 shares of the industrial products company’s stock valued at $191,099,000 after buying an additional 109,942 shares during the period. FMR LLC grew its stake in shares of Standex International by 11.0% during the 1st quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock valued at $30,926,000 after buying an additional 41,723 shares during the period. Copeland Capital Management LLC grew its stake in shares of Standex International by 8.9% during the 1st quarter. Copeland Capital Management LLC now owns 436,230 shares of the industrial products company’s stock valued at $41,690,000 after buying an additional 35,674 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Standex International by 316.5% during the 1st quarter. First Trust Advisors LP now owns 21,558 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 16,382 shares during the period. 88.89% of the stock is owned by institutional investors.

NYSE:SXI opened at $95.98 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.97. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company’s fifty day simple moving average is $97.74. Standex International Co. has a twelve month low of $50.96 and a twelve month high of $108.17.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, May 6th. The industrial products company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.13. The business had revenue of $172.20 million for the quarter, compared to analyst estimates of $162.65 million. Standex International had a net margin of 3.93% and a return on equity of 9.85%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Equities research analysts forecast that Standex International Co. will post 4.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 25th. Shareholders of record on Tuesday, May 11th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, May 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. Standex International’s dividend payout ratio is currently 27.51%.

Several analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $113.00 price objective (up from $110.00) on shares of Standex International in a research note on Friday, May 7th. Zacks Investment Research upgraded shares of Standex International from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Thursday, May 13th.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

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

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