Northern Trust Corp Cuts Stake in Standex Int’l Corp. (NYSE:SXI)

Northern Trust Corp lessened its stake in shares of Standex Int’l Corp. (NYSE:SXI) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,874 shares of the industrial products company’s stock after selling 920 shares during the quarter. Northern Trust Corp owned 2.98% of Standex Int’l worth $25,318,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. raised its position in Standex Int’l by 32.5% in the 4th quarter. Advisor Group Inc. now owns 689 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 169 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Standex Int’l by 40.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,456 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 418 shares during the last quarter. Advisors Asset Management Inc. raised its position in Standex Int’l by 29.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,225 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 729 shares during the last quarter. Ramsey Quantitative Systems raised its position in Standex Int’l by 9.8% in the 4th quarter. Ramsey Quantitative Systems now owns 3,510 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 313 shares during the last quarter. Finally, First Manhattan Co. raised its position in Standex Int’l by 138.3% in the 4th quarter. First Manhattan Co. now owns 3,575 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 2,075 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Separately, Zacks Investment Research downgraded Standex Int’l from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.50.

SXI traded up $0.01 during trading on Friday, hitting $74.90. The company’s stock had a trading volume of 45,472 shares, compared to its average volume of 47,996. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 2.76. Standex Int’l Corp. has a 12 month low of $62.02 and a 12 month high of $114.20. The company has a market cap of $947.71 million, a price-to-earnings ratio of 14.49 and a beta of 1.68.

Standex Int’l (NYSE:SXI) last issued its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.23). The business had revenue of $195.50 million during the quarter, compared to the consensus estimate of $197.38 million. Standex Int’l had a net margin of 6.56% and a return on equity of 13.88%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, research analysts predict that Standex Int’l Corp. will post 5.05 EPS for the current fiscal year.

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Standex Int’l Company Profile

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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