Wells Fargo & Company MN Acquires 5,902 Shares of Standex Int'l Corp. (NYSE:SXI)

Wells Fargo & Company MN increased its position in shares of Standex Int'l Corp. (NYSE:SXI) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,300 shares of the industrial products company’s stock after purchasing an additional 5,902 shares during the period. Wells Fargo & Company MN owned 0.25% of Standex Int'l worth $3,430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its position in shares of Standex Int'l 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 acquiring an additional 17 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Standex Int'l during the third quarter valued at about $199,000. UBS Asset Management Americas Inc. increased its position in shares of Standex Int'l 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 acquiring an additional 45 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Standex Int'l during the second quarter valued at about $250,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Standex Int'l during the second quarter valued at about $288,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.

A number of brokerages have weighed in on SXI. Sidoti cut shares of Standex Int'l from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. CL King assumed coverage on shares of Standex Int'l in a research note on Wednesday, November 29th. They issued a “buy” rating and a $116.00 price objective for the company. FBR & Co reissued a “buy” rating on shares of Standex Int'l in a research note on Monday, October 2nd. B. Riley reissued a “buy” rating on shares of Standex Int'l in a research note on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of Standex Int'l from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Standex Int'l has a consensus rating of “Hold” and a consensus price target of $111.00.

In other news, CAO Sean C. Valashinas sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total transaction of $60,396.00. Following the completion of the sale, the chief accounting officer now owns 1,737 shares in the company, valued at approximately $174,846.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 1,215 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $104.25, for a total transaction of $126,663.75. Following the sale, the director now owns 4,415 shares of the company’s stock, valued at approximately $460,263.75. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Standex Int'l Corp. (NYSE:SXI) opened at $103.00 on Wednesday. Standex Int'l Corp. has a 12 month low of $84.30 and a 12 month high of $110.00. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1,336.99, a P/E ratio of 28.53 and a beta of 1.61.

Standex Int'l (NYSE:SXI) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.17. The company had revenue of $214.40 million during the quarter, compared to the consensus estimate of $195.63 million. Standex Int'l had a net margin of 5.83% and a return on equity of 15.06%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. equities research analysts forecast that Standex Int'l Corp. will post 5.23 EPS for the current fiscal year.

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About Standex Int'l

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.

Institutional Ownership by Quarter for Standex Int'l (NYSE:SXI)

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