Standex International Co. (NYSE:SXI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Standex International Co. (NYSE:SXI) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,671 shares of the industrial products company’s stock after buying an additional 4,768 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.84% of Standex International worth $15,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of Standex International during the 4th quarter worth $26,000. GAMMA Investing LLC increased its position in Standex International by 322.2% during the 1st 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 position 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 in the last quarter. Tidal Investments LLC purchased a new stake in Standex International during the 1st quarter worth about $210,000. Finally, Cetera Advisors LLC purchased a new stake in Standex International during the 1st quarter worth about $213,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 1.1 %

SXI opened at $179.81 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The business has a 50-day moving average of $175.01 and a two-hundred day moving average of $171.95. Standex International Co. has a 12 month low of $130.04 and a 12 month high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.72 by $0.04. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $181.35 million. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 EPS. On average, research analysts expect that Standex International Co. will post 7.67 earnings per share for the current year.

Standex International Dividend Announcement

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, August 9th. Standex International’s payout ratio is currently 19.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SXI. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. DA Davidson lifted their price objective 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 set a $180.00 price objective on shares of Standex International in a research report on Tuesday, May 28th. Finally, Benchmark reiterated a “buy” rating and set a $210.00 price objective on shares of Standex International in a research report on Friday, August 2nd.

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.