Susquehanna Fundamental Investments LLC Has $9.95 Million Position in Standex International Corporation $SXI

Susquehanna Fundamental Investments LLC raised its position in Standex International Corporation (NYSE:SXI) by 42.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 27,804 shares of the industrial products company’s stock after buying an additional 8,270 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Standex International were worth $9,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after buying an additional 23,643 shares during the last quarter. AQR Capital Management LLC grew its holdings in Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after acquiring an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Standex International by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after acquiring an additional 1,509 shares during the period. Finally, Jane Street Group LLC increased its position in Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after acquiring an additional 33,016 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SXI has been the topic of a number of recent research reports. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. DA Davidson restated a “buy” rating and issued a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Finally, Weiss Ratings lowered Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.67.

Standex International Stock Performance

NYSE:SXI opened at $298.94 on Monday. The company has a market capitalization of $3.62 billion, a PE ratio of 34.48, a P/E/G ratio of 3.33 and a beta of 1.06. The company has a 50 day simple moving average of $316.38 and a two-hundred day simple moving average of $284.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a fifty-two week low of $197.00 and a fifty-two week high of $363.89.

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

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. 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.