NewEdge Advisors LLC Buys 2,667 Shares of Standex International Corporation $SXI

NewEdge Advisors LLC lifted its stake in shares of Standex International Corporation (NYSE:SXI) by 2,963.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,757 shares of the industrial products company’s stock after purchasing an additional 2,667 shares during the period. NewEdge Advisors LLC’s holdings in Standex International were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. lifted its holdings in Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Standex International in the 3rd quarter valued at $28,000. Cedar Mountain Advisors LLC bought a new position in Standex International in the 1st quarter valued at $29,000. Finally, Simplex Trading LLC acquired a new stake in shares of Standex International in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI stock opened at $296.48 on Monday. The firm’s 50 day moving average price is $305.52 and its two-hundred day moving average price is $274.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a 52-week low of $163.29 and a 52-week high of $363.89. The stock has a market cap of $3.59 billion, a PE ratio of 34.20, a PEG ratio of 3.31 and a beta of 1.03.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The company had revenue of $228.25 million during the quarter, compared to analysts’ expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. As a group, analysts forecast that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s payout ratio is 15.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $323.00 target price on shares of Standex International in a research report on Monday, May 4th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.