Emerald Investment Advisers LLC Invests $7.19 Million in Standex International Corporation $SXI

Emerald Investment Advisers LLC acquired a new stake in shares of Standex International Corporation (NYSE:SXI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,101 shares of the industrial products company’s stock, valued at approximately $7,190,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SXI. BlackRock Inc. acquired a new stake in Standex International in the 2nd quarter worth approximately $640,120,000. Wasatch Advisors LP raised its holdings in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after buying an additional 520,506 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Standex International in the second quarter worth $65,337,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after buying an additional 94,415 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Standex International by 23.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after buying an additional 74,599 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SXI shares. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and set a $350.00 price target on shares of Standex International in a research note on Thursday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and a consensus price target of $298.67.

Standex International Stock Performance

SXI opened at $311.36 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. Standex International Corporation has a 12-month low of $197.00 and a 12-month high of $363.89. The firm has a 50 day moving average of $316.96 and a two-hundred day moving average of $282.34. The firm has a market capitalization of $3.77 billion, a PE ratio of 35.91, a P/E/G ratio of 3.45 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million for the quarter, compared to the consensus estimate of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. On average, analysts anticipate that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s payout ratio is currently 15.69%.

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.