Wasatch Advisors LP Has $335.71 Million Stock Position in Standex International Corporation $SXI

Wasatch Advisors LP lessened its position in Standex International Corporation (NYSE:SXI) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,317,226 shares of the industrial products company’s stock after selling 52,633 shares during the period. Standex International comprises approximately 2.2% of Wasatch Advisors LP’s holdings, making the stock its 8th biggest holding. Wasatch Advisors LP owned about 10.87% of Standex International worth $335,708,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. UMB Bank n.a. raised its stake 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 acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International in the 3rd quarter worth approximately $28,000. Simplex Trading LLC bought a new stake in Standex International during the 4th quarter worth approximately $35,000. Finally, Financial Consulate Inc. grew its position in Standex International by 84.7% during the 4th quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

SXI has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Barrington Research restated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Performance

Shares of Standex International stock opened at $340.48 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The firm has a 50 day simple moving average of $281.20 and a 200 day simple moving average of $259.73. Standex International Corporation has a fifty-two week low of $152.64 and a fifty-two week high of $344.30. The firm has a market cap of $4.12 billion, a P/E ratio of 41.47, a P/E/G ratio of 4.38 and a beta of 1.08.

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

Standex International Dividend Announcement

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

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.