Copeland Capital Management LLC Has $61.37 Million Holdings in Standex International Corporation $SXI

Copeland Capital Management LLC decreased its holdings in Standex International Corporation (NYSE:SXI) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,792 shares of the industrial products company’s stock after selling 5,051 shares during the period. Standex International comprises approximately 1.4% of Copeland Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Copeland Capital Management LLC’s holdings in Standex International were worth $61,369,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wasatch Advisors LP boosted its holdings in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after buying an additional 520,506 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after acquiring an additional 94,415 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Standex International by 23.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after acquiring an additional 74,599 shares during the period. Thrivent Financial for Lutherans grew its position in shares of 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 valued at $12,069,000 after purchasing an additional 46,838 shares during the last quarter. Finally, UBS Group AG grew its holdings in Standex International by 66.8% in 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 in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SXI shares. DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.67.

Standex International Trading Down 0.7%

Shares of SXI opened at $302.47 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. Standex International Corporation has a 52-week low of $154.57 and a 52-week high of $363.89. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.40 and a beta of 1.03. The business’s fifty day moving average is $296.36 and its 200-day moving average is $269.14.

Standex International (NYSE:SXI) last announced its quarterly earnings data 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). The business had revenue of $224.59 million for the quarter, compared to the consensus estimate of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.Standex International’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. Equities analysts anticipate that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International’s payout ratio is 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.