New York State Teachers Retirement System Has $2.65 Million Stock Holdings in Standex Int’l Corp. (NYSE:SXI)

New York State Teachers Retirement System cut its position in Standex Int’l Corp. (NYSE:SXI) by 3.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 36,289 shares of the industrial products company’s stock after selling 1,156 shares during the quarter. New York State Teachers Retirement System’s holdings in Standex Int’l were worth $2,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in Standex Int’l by 32.5% in the fourth quarter. Advisor Group Inc. now owns 689 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 169 shares during the period. Texas Permanent School Fund raised its holdings in Standex Int’l by 2.3% in the first quarter. Texas Permanent School Fund now owns 8,591 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 196 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Standex Int’l by 15.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,677 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 221 shares during the period. Diversified Trust Co raised its holdings in Standex Int’l by 10.1% in the second quarter. Diversified Trust Co now owns 3,000 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 275 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Standex Int’l by 14.3% in the second quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 500 shares during the period. Institutional investors own 88.57% of the company’s stock.

Shares of NYSE:SXI traded down $2.21 during midday trading on Monday, reaching $64.29. 1,865 shares of the company were exchanged, compared to its average volume of 70,372. Standex Int’l Corp. has a fifty-two week low of $62.02 and a fifty-two week high of $114.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.69 and a current ratio of 3.49. The stock’s fifty day moving average price is $70.43. The firm has a market cap of $841.29 million, a price-to-earnings ratio of 12.44 and a beta of 1.45.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. Standex Int’l’s payout ratio is 15.47%.

Several equities research analysts have weighed in on SXI shares. ValuEngine upgraded shares of Standex Int’l from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Standex Int’l from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. Finally, William Blair reiterated a “market perform” rating on shares of Standex Int’l in a report on Wednesday, May 1st.

Standex Int’l 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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