Standex International Co. (NYSE:SXI) Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of Standex International Co. (NYSE:SXI) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,700 shares of the industrial products company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Standex International were worth $1,042,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SXI. GAMMA Investing LLC boosted its stake in Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after buying an additional 72 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Standex International in the 2nd quarter valued at about $32,000. Fifth Third Bancorp grew its stake in shares of Standex International by 95.5% in 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 last quarter. International Assets Investment Management LLC raised its holdings in shares of Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 909 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Standex International in the 3rd quarter worth approximately $208,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SXI has been the topic of several research reports. Benchmark upped their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson boosted their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barrington Research reiterated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Wednesday. Finally, StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

Standex International Trading Down 2.1 %

NYSE SXI opened at $180.08 on Friday. The firm’s 50 day moving average price is $176.76 and its two-hundred day moving average price is $172.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.69 and a current ratio of 3.55. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $191.18. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.67 and a beta of 1.03.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. Standex International’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. Equities analysts anticipate that Standex International Co. will post 7.65 EPS for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio is 20.98%.

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.