S&CO Inc. Purchases New Shares in Standex International Corporation $SXI

S&CO Inc. bought a new position in Standex International Corporation (NYSE:SXI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,685 shares of the industrial products company’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Standex International by 538.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after acquiring an additional 46,838 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Standex International by 26.5% in the first quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after purchasing an additional 3,059 shares during the period. UBS Group AG grew its stake in Standex International by 66.8% in the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock worth $19,869,000 after purchasing an additional 36,634 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Standex International by 9,509.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 7,132 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in Standex International during the 4th quarter valued at $2,843,000. 90.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, DA Davidson set a $350.00 target price on shares of Standex International in a research report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.67.

Standex International Stock Up 1.1%

Standex International stock opened at $331.37 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The business’s 50-day simple moving average is $315.12 and its two-hundred day simple moving average is $279.82. The company has a market cap of $4.01 billion, a PE ratio of 38.22, a PEG ratio of 3.69 and a beta of 1.06. Standex International Corporation has a fifty-two week low of $197.00 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.10. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The firm had revenue of $228.25 million during the quarter, compared to analysts’ expectations of $226.47 million. During the same period last year, the business posted $2.28 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Standex International Company 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.