Standex International Co. (NYSE:SXI) Shares Sold by Creative Planning

Creative Planning decreased its holdings in shares of Standex International Co. (NYSE:SXI) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,147 shares of the industrial products company’s stock after selling 281 shares during the quarter. Creative Planning’s holdings in Standex International were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new position in shares of Standex International during the first quarter worth about $52,565,000. Lord Abbett & CO. LLC purchased a new stake in shares of Standex International during the 1st quarter valued at about $4,647,000. Harbor Capital Advisors Inc. lifted its position in Standex International by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 3,900 shares in the last quarter. Boston Partners purchased a new position in Standex International in the 1st quarter worth approximately $691,000. Finally, SG Americas Securities LLC acquired a new stake in Standex International in the second quarter valued at approximately $743,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Performance

Shares of Standex International stock opened at $181.18 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03. Standex International Co. has a 1 year low of $130.04 and a 1 year high of $191.18. The firm’s 50-day simple moving average is $174.91 and its 200-day simple moving average is $172.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37.

Standex International (NYSE:SXI) last released its earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $181.35 million. During the same quarter last year, the business posted $1.76 EPS. Standex International’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts forecast that Standex International Co. will post 7.67 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. Standex International’s dividend payout ratio (DPR) is 19.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SXI. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. DA Davidson lifted their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Benchmark reissued a “buy” rating and issued a $210.00 price target on shares of Standex International in a report on Friday, August 2nd.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.