Standex International Corporation $SXI Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. lessened its stake in shares of Standex International Corporation (NYSE:SXI) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,804 shares of the industrial products company’s stock after selling 3,374 shares during the period. Crawford Investment Counsel Inc. owned 0.49% of Standex International worth $12,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. UMB Bank n.a. grew 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 valued at $28,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International during the 3rd quarter valued at about $28,000. Simplex Trading LLC purchased a new stake in Standex International during the 4th quarter valued at about $35,000. Finally, Financial Consulate Inc. grew its stake in Standex International by 84.7% during the 4th quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

Standex International stock opened at $308.79 on Wednesday. The firm has a 50 day simple moving average of $272.63 and a 200-day simple moving average of $255.50. Standex International Corporation has a 1-year low of $151.79 and a 1-year high of $318.00. 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 stock has a market cap of $3.74 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 4.01 and a beta of 1.08.

Standex International (NYSE:SXI) last posted 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 $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same period last year, the company earned $1.95 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts expect that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.34 dividend. 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 dividend payout ratio is 16.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Four 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, the company has a consensus rating of “Moderate Buy” and an average target price of $289.67.

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.