Standex International Co. (NYSE:SXI) Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Standex International Co. (NYSE:SXI) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,594 shares of the industrial products company’s stock after selling 131 shares during the quarter. Victory Capital Management Inc.’s holdings in Standex International were worth $7,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Standex International in the fourth quarter worth about $12,560,000. Wasatch Advisors LP purchased a new stake in shares of Standex International in the 1st quarter valued at approximately $52,565,000. Lord Abbett & CO. LLC acquired a new position in Standex International in the 1st quarter worth approximately $4,647,000. Harbor Capital Advisors Inc. grew its position in Standex International by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Boston Partners acquired a new stake in Standex International during the 1st quarter valued at $691,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Trading Up 2.7 %

Standex International stock opened at $171.90 on Monday. The business’s 50-day simple moving average is $174.27 and its 200-day simple moving average is $171.90. Standex International Co. has a 52 week low of $130.04 and a 52 week high of $191.18. The firm has a market capitalization of $2.05 billion, a PE ratio of 27.82, a PEG ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $181.35 million. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 earnings per share. Equities research analysts forecast that Standex International Co. will post 7.67 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.30 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.20 annualized dividend and a yield of 0.70%. Standex International’s dividend payout ratio is 19.42%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson lifted their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barrington Research reissued an “outperform” rating and set a $180.00 target price on shares of Standex International in a research report on Tuesday, May 28th. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Benchmark reissued a “buy” rating and issued a $210.00 price objective on shares of Standex International in a research note on Friday, August 2nd.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.