Sterling Capital Management LLC Cuts Stock Holdings in Standex International Corporation $SXI

Sterling Capital Management LLC lessened its position in Standex International Corporation (NYSE:SXI) by 45.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,736 shares of the industrial products company’s stock after selling 3,061 shares during the quarter. Sterling Capital Management LLC’s holdings in Standex International were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SXI. Cornerstone Planning Group LLC raised its stake 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 valued at $25,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. boosted its stake 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 purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International during the third quarter worth $28,000. Simplex Trading LLC purchased a new stake in shares of Standex International during the fourth quarter worth $35,000. Finally, Financial Consulate Inc. raised its position in shares of Standex International by 84.7% in the fourth quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SXI has been the topic of several research reports. Weiss Ratings downgraded shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th. DA Davidson reiterated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Standex International currently has an average rating of “Moderate Buy” and a consensus target price of $289.67.

Standex International Stock Up 0.9%

Shares of SXI opened at $358.13 on Wednesday. Standex International Corporation has a 52-week low of $152.64 and a 52-week high of $363.89. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $284.49 and a two-hundred day simple moving average of $261.57. The company has a market capitalization of $4.34 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 4.60 and a beta of 1.08.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm had revenue of $224.59 million for the quarter, compared to analyst estimates of $225.16 million. During the same period in the previous year, the firm posted $1.95 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s payout ratio is presently 16.57%.

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.