26,676 Shares in Standex International Co. (NYSE:SXI) Purchased by Millennium Management LLC

Millennium Management LLC acquired a new position in shares of Standex International Co. (NYSE:SXI) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 26,676 shares of the industrial products company’s stock, valued at approximately $4,299,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its position in shares of Standex International by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock worth $1,684,000 after buying an additional 62 shares in the last quarter. Raymond James Trust N.A. grew its position in Standex International by 1.9% in the second quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock worth $708,000 after acquiring an additional 82 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Standex International by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the industrial products company’s stock worth $967,000 after acquiring an additional 100 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Standex International by 2.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,424 shares of the industrial products company’s stock worth $1,171,000 after buying an additional 142 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 145 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Performance

Shares of NYSE:SXI opened at $175.76 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.62 and a beta of 1.03. The firm’s 50 day simple moving average is $174.06 and its 200 day simple moving average is $172.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. Standex International Co. has a fifty-two week low of $130.04 and a fifty-two week high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $181.35 million. During the same period last year, the company earned $1.76 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Standex International Co. will post 7.67 earnings per share for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. Standex International’s dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

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

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.