S&CO Inc. Purchases Shares of 2,685 Standex International Corporation $SXI

S&CO Inc. acquired a new position in Standex International Corporation (NYSE:SXI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 2,685 shares of the industrial products company’s stock, valued at approximately $960,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of 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 period. UMB Bank n.a. increased its position in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International during the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in shares of Standex International during the 1st quarter worth approximately $29,000. Finally, Simplex Trading LLC purchased a new position in shares of Standex International during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SXI shares. DA Davidson set a $350.00 price target on shares of Standex International in a report on Tuesday, August 4th. Weiss Ratings downgraded shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Standex International currently has an average rating of “Moderate Buy” and a consensus target price of $298.67.

Standex International Price Performance

Shares of Standex International stock opened at $331.37 on Friday. The business has a 50 day simple moving average of $315.12 and a two-hundred day simple moving average of $279.82. Standex International Corporation has a 12 month low of $197.00 and a 12 month high of $363.89. The stock has a market capitalization of $4.01 billion, a P/E ratio of 38.22, a PEG ratio of 3.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84.

Standex International (NYSE:SXI) last released its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million for 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 business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 earnings per share. As a group, analysts predict that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s dividend payout ratio (DPR) is presently 15.69%.

About Standex International

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.