NewEdge Advisors LLC Buys 2,667 Shares of Standex International Corporation $SXI

NewEdge Advisors LLC grew its stake in Standex International Corporation (NYSE:SXI) by 2,963.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,757 shares of the industrial products company’s stock after buying an additional 2,667 shares during the quarter. NewEdge Advisors LLC’s holdings in Standex International were worth $703,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SXI. Wasatch Advisors LP raised its holdings in shares of Standex International by 61.3% during the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after acquiring an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Standex International by 23.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after purchasing an additional 74,599 shares during the period. Geode Capital Management LLC boosted its stake in Standex International by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after purchasing an additional 798 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after purchasing an additional 94,415 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Standex International by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Down 2.3%

Shares of SXI stock opened at $313.36 on Thursday. The firm’s fifty day moving average price is $316.71 and its two-hundred day moving average price is $281.65. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. Standex International Corporation has a 1 year low of $197.00 and a 1 year high of $363.89. The firm has a market capitalization of $3.80 billion, a P/E ratio of 36.14, a PEG ratio of 3.58 and a beta of 1.06.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, topping 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 net margin of 11.73% and a return on equity of 14.47%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. On average, equities 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. Investors of record on Friday, August 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SXI. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson set a $350.00 target price on Standex International in a research note 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 stock. According to data from MarketBeat.com, Standex International has an average rating of “Moderate Buy” and an average target price of $298.67.

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.