Standex International Corporation $SXI Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Standex International Corporation (NYSE:SXI) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,841 shares of the industrial products company’s stock after acquiring an additional 11,998 shares during the period. Kennedy Capital Management LLC owned approximately 0.79% of Standex International worth $20,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Entropy Technologies LP acquired a new stake in Standex International in the fourth quarter valued at $217,000. Barclays PLC grew its holdings in Standex International by 10.0% in the fourth quarter. Barclays PLC now owns 18,763 shares of the industrial products company’s stock valued at $4,077,000 after purchasing an additional 1,703 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in Standex International by 34.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,440 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 365 shares during the last quarter. UMB Bank n.a. grew its holdings in Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Standex International by 20.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

SXI has been the topic of several research reports. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Stock Down 0.2%

Shares of NYSE:SXI opened at $303.50 on Friday. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 52-week low of $151.61 and a 52-week high of $309.00. The stock’s fifty day simple moving average is $270.58 and its 200-day simple moving average is $254.43. The company has a market capitalization of $3.68 billion, a P/E ratio of 36.97, a P/E/G ratio of 3.93 and a beta of 1.08.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s dividend payout ratio is 16.57%.

Standex International 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.