Standex International Co. (NYSE:SXI) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Standex International Co. (NYSE:SXI) by 7.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,047 shares of the industrial products company’s stock after buying an additional 1,715 shares during the quarter. Public Sector Pension Investment Board’s holdings in Standex International were worth $4,197,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Wasatch Advisors LP purchased a new stake in shares of Standex International in the first quarter valued at about $52,565,000. Norges Bank purchased a new stake in Standex International in the 4th quarter valued at approximately $12,560,000. Champlain Investment Partners LLC boosted its holdings in Standex International by 4.6% in the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after purchasing an additional 27,990 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Standex International during the 1st quarter worth approximately $4,647,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Standex International by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock worth $29,836,000 after buying an additional 10,670 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Standex International Trading Up 1.9 %

Shares of SXI stock opened at $182.67 on Friday. Standex International Co. has a fifty-two week low of $130.04 and a fifty-two week high of $191.18. 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 business has a fifty day simple moving average of $174.94 and a 200-day simple moving average of $172.08. The stock has a market cap of $2.17 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.58 and a beta of 1.03.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share (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 analysts’ expectations of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. On average, analysts forecast that Standex International Co. will post 7.67 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders 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 yield of 0.66%. The ex-dividend date of this dividend was Friday, August 9th. Standex International’s dividend payout ratio (DPR) is presently 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.