Sei Investments Co. Has $4.47 Million Stock Holdings in Standex International Co. (NYSE:SXI)

Sei Investments Co. lifted its holdings in shares of Standex International Co. (NYSE:SXI) by 19.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,717 shares of the industrial products company’s stock after buying an additional 4,473 shares during the period. Sei Investments Co. owned about 0.23% of Standex International worth $4,467,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Standex International in the 4th quarter valued at about $12,560,000. Campbell & CO Investment Adviser LLC acquired a new stake in Standex International in the 4th quarter valued at about $451,000. Personal CFO Solutions LLC lifted its stake in Standex International by 9.2% in the 4th quarter. Personal CFO Solutions LLC now owns 3,026 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 254 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Standex International by 6.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock valued at $29,836,000 after purchasing an additional 10,670 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Standex International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock valued at $224,255,000 after purchasing an additional 9,166 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Standex International Trading Down 1.3 %

Shares of SXI stock opened at $180.42 on Wednesday. The firm has a 50 day moving average price of $174.80 and a two-hundred day moving average price of $172.13. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.15 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18.

Standex International (NYSE:SXI) last announced its earnings results 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. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The company had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $181.35 million. During the same period last year, the firm earned $1.76 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts predict that Standex International Co. will post 7.67 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. Standex International’s dividend payout ratio is presently 19.42%.

Standex International Company 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.