Wasatch Advisors Reduces $16M in Standex International Corporation ($SXI)
Key Points
- Wasatch Advisors changed its Standex International Corporation ($SXI) stake by 3.8% last quarter, cutting to 1,317,226 shares worth $399.33 million.
- Wall Street's consensus rating on $SXI is Strong Buy and an average price target of $290.80.
- $SXI last traded around $303.16.
Wasatch Advisors trimmed its position in Standex International Corporation ($SXI) by 3.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,317,226 shares of Standex International Corporation after selling 52,633 shares during the quarter. Wasatch Advisors's holdings in Standex International Corporation were worth $399.33 million as of its most recent filing.
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About Standex International Corporation
Standex International Corporation manufactures and sells products and services for commercial and industrial markets in the United States and internationally. It operates through Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions segments. The company offers reed relays, fluid level, proximity, motion, flow, HVAC condensate, custom electronic and current sensors, instrument transformers, wound transformers, bushings, inductors, current sense and planar transformer technology, value added assemblies, mechanical packaging applications under the Standex Electronics, Standex-Meder Electronics, Renco Electronics, Northlake Engineering, Agile Magnetics, Sensor Solutions, Standex Electronics Japan, Minntronix, Nascentechnology, Sanyu, Amran Instruments, and Narayan Powertech brands. It also provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery services under the Piazza Rosa, World Client Services, Tenibac-Graphion, GS Engineering, and Innovent brands. In addition, it provides specialty temperature-controlled equipment for medical, scientific, pharmaceutical, biotech, and industrial markets under the American BioTech Supply, Lab Research Products, Corepoint, Cryosafe, CryoGuard, and Custom Biogenic Systems brands; and net and near net formed single-source customized solutions for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets under the Spincraft and McStarlite brands. Further, it offers refrigerated, heated, display cases, single and double acting telescopic, and piston rod hydraulic cylinders under the Federal and Custom Hoist brands. The company was founded in 1955 and is headquartered in Salem, New Hampshire.
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