Standex Int’l Corp. (NYSE:SXI), watched as an insider executed a transaction that began earlier in the week and was officially filed today, September 10th, resulting in the lowering of their profile with the company. Vice President and Chief Financial Officer Thomas D. DeByle disposed of 3,100 shares of common stock at an average price of $75.98 per share. Following this move, DeByle now has 39,175.58 shares directly invested in the company. Moreover, Standex Int’l Corp. (NYSE:SXI) is a $949.48 million market cap manufacturer of a range of products and services for diverse industrial markets segments. The company operates in five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group and Hydraulics Products Group.
In addition, the largest outside investor in the company is Royce & Associates, the hedge fund run by Chuck Royce. This fund holds 286,631 shares worth about $21.3 million after lowering its activity by 50% last quarter.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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