Allspring Global Investments Holdings LLC Has $9.04 Million Stock Position in Standex International Co. (NYSE:SXI)

Allspring Global Investments Holdings LLC lowered its position in Standex International Co. (NYSE:SXI) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,478 shares of the industrial products company’s stock after selling 3,008 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Standex International were worth $9,044,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Texas Permanent School Fund Corp grew its stake in shares of Standex International by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock valued at $1,684,000 after buying an additional 62 shares in the last quarter. GAMMA Investing LLC grew its position in Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Standex International by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock worth $708,000 after purchasing an additional 82 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Standex International by 3.7% during the 3rd quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Standex International by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the industrial products company’s stock valued at $967,000 after purchasing an additional 100 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Down 0.3 %

Standex International stock opened at $176.94 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.51 and a beta of 1.03. The firm has a fifty day moving average price of $175.79 and a two-hundred day moving average price of $172.21. 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 debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.04. The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate 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 for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 EPS. As a group, analysts forecast that Standex International Co. will post 7.67 earnings per share for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.72%. Standex International’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

SXI has been the topic of several analyst reports. DA Davidson increased their target price 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. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Benchmark reaffirmed 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 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.