Thrivent Financial for Lutherans Sells 25,371 Shares of Standex International Co. (NYSE:SXI)

Thrivent Financial for Lutherans decreased its stake in shares of Standex International Co. (NYSE:SXI) by 62.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,260 shares of the industrial products company’s stock after selling 25,371 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Standex International worth $2,459,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SXI. Canada Pension Plan Investment Board purchased a new position in shares of Standex International during the second quarter worth approximately $32,000. GAMMA Investing LLC grew its stake in Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. Fifth Third Bancorp increased its holdings in Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 358 shares during the period. Tidal Investments LLC bought a new stake in Standex International during the 1st quarter valued at $210,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Standex International in the 1st quarter worth $213,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SXI shares. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Benchmark reiterated a “buy” rating and set a $210.00 price objective on shares of Standex International in a research note on Friday, August 2nd. Finally, DA Davidson boosted their price objective on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Standex International Stock Performance

Shares of Standex International stock opened at $182.78 on Tuesday. The company has a market capitalization of $2.15 billion, a PE ratio of 29.58, a P/E/G ratio of 2.61 and a beta of 1.03. The company has a 50-day simple moving average of $174.87 and a two-hundred day simple moving average of $172.13. Standex International Co. has a one year low of $130.04 and a one year high of $191.18. 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 posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.72 by $0.04. The firm had revenue of $180.19 million during the quarter, compared to analyst estimates of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. Standex International’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS. Research analysts expect that Standex International Co. will post 7.67 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.66%. Standex International’s payout ratio is 19.42%.

About Standex International

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.