Standex International Corporation $SXI Stock Position Lessened by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in shares of Standex International Corporation (NYSE:SXI) by 46.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,900 shares of the industrial products company’s stock after selling 11,994 shares during the period. Royal Bank of Canada’s holdings in Standex International were worth $3,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in Standex International by 538.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 46,838 shares during the period. UBS Group AG increased its stake in Standex International by 66.8% during the 4th quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after buying an additional 36,634 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $1,566,000 after buying an additional 7,132 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Standex International during the 4th quarter worth about $2,843,000. Finally, Future Fund LLC bought a new stake in shares of Standex International during the 1st quarter worth about $2,891,000. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Up 1.1%

Standex International stock opened at $331.37 on Friday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 3.66 and a beta of 1.06. Standex International Corporation has a 1 year low of $197.00 and a 1 year high of $363.89. The firm’s 50 day moving average price is $315.12 and its two-hundred day moving average price is $279.82. 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 (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. The company had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. On average, research analysts predict that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given 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 0.4%. Standex International’s payout ratio is 15.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings lowered 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 Standex International in a report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.67.

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.