Sei Investments Co. Raises Stock Position in Standex International Corporation $SXI

Sei Investments Co. grew its stake in shares of Standex International Corporation (NYSE:SXI) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 105,064 shares of the industrial products company’s stock after acquiring an additional 4,520 shares during the period. Sei Investments Co.’s holdings in Standex International were worth $26,774,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SXI. Thrivent Financial for Lutherans raised its position in Standex International by 538.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after purchasing an additional 46,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Standex International by 9,509.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 7,132 shares in the last quarter. UBS Group AG increased its stake in shares of Standex International by 66.8% during the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after buying an additional 36,634 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Standex International during the fourth quarter valued at $2,843,000. Finally, Future Fund LLC bought a new stake in shares of Standex International in the first quarter valued at about $2,891,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Trading Down 5.2%

SXI opened at $293.55 on Wednesday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 3.46 and a beta of 1.03. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 12 month low of $163.29 and a 12 month high of $363.89. The stock has a fifty day moving average price of $303.57 and a 200-day moving average price of $273.29.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The company had revenue of $224.59 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 7th. Standex International’s dividend payout ratio is presently 16.57%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SXI shares. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average price target of $289.67.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.