Standex International Corporation (SXI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of Standex International Corporation (NYSE:SXI) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,770 shares of the industrial products company’s stock after purchasing an additional 2,847 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.58% of Standex International Corporation worth $6,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Texas Permanent School Fund boosted its position in shares of Standex International Corporation by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock worth $844,000 after purchasing an additional 74 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Standex International Corporation by 1.5% during the 1st quarter. Arizona State Retirement System now owns 6,640 shares of the industrial products company’s stock worth $665,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Standex International Corporation by 3.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,010 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Standex International Corporation by 0.7% during the 1st quarter. Legal & General Group Plc now owns 22,458 shares of the industrial products company’s stock worth $2,248,000 after purchasing an additional 151 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Standex International Corporation by 5.9% during the 2nd quarter. US Bancorp DE now owns 3,121 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Shares of Standex International Corporation (NYSE SXI) opened at 103.75 on Tuesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.45 and a beta of 1.56. Standex International Corporation has a 52-week low of $74.35 and a 52-week high of $110.00. The company has a 50 day moving average of $99.52 and a 200 day moving average of $93.91.

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

SXI has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Standex International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, FBR & Co restated a “buy” rating on shares of Standex International Corporation in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.50.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/standex-international-corporation-sxi-shares-bought-by-schwab-charles-investment-management-inc.html.

In other news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total t

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Texas Permanent School Fund boosted its position in shares of Standex International Corporation by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock worth $844,000 after purchasing an additional 74 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Standex International Corporation by 1.5% during the 1st quarter. Arizona State Retirement System now owns 6,640 shares of the industrial products company’s stock worth $665,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Standex International Corporation by 3.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,010 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Standex International Corporation by 0.7% during the 1st quarter. Legal & General Group Plc now owns 22,458 shares of the industrial products company’s stock worth $2,248,000 after purchasing an additional 151 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Standex International Corporation by 5.9% during the 2nd quarter. US Bancorp DE now owns 3,121 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Shares of Standex International Corporation (NYSE SXI) opened at 103.75 on Tuesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.45 and a beta of 1.56. Standex International Corporation has a 52-week low of $74.35 and a 52-week high of $110.00. The company has a 50 day moving average of $99.52 and a 200 day moving average of $93.91.

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

SXI has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Standex International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, FBR & Co restated a “buy” rating on shares of Standex International Corporation in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.50.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/standex-international-corporation-sxi-shares-bought-by-schwab-charles-investment-management-inc.html.

In other news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 9,915 shares of the company’s stock, valued at $938,355.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

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

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