Wasatch Advisors LP Sells 52,633 Shares of Standex International Corporation $SXI

Wasatch Advisors LP lessened its holdings in Standex International Corporation (NYSE:SXI) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,317,226 shares of the industrial products company’s stock after selling 52,633 shares during the period. Standex International makes up approximately 2.2% of Wasatch Advisors LP’s portfolio, making the stock its 8th biggest position. Wasatch Advisors LP owned approximately 0.11% of Standex International worth $335,708,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in shares of Standex International by 538.0% in 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 during the period. Anchor Capital Management Company LLC boosted its position in shares of Standex International by 43.9% in the 3rd quarter. Anchor Capital Management Company LLC now owns 98,394 shares of the industrial products company’s stock worth $20,850,000 after purchasing an additional 29,998 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of Standex International in the 3rd quarter worth $17,766,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Standex International during the third quarter worth $19,763,000. Finally, UBS Group AG increased its holdings in Standex International by 66.8% in the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after purchasing an additional 36,634 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI stock opened at $340.48 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 12-month low of $152.64 and a 12-month high of $344.30. The firm has a fifty day moving average of $281.20 and a 200-day moving average of $259.73. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 4.38 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 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.59 million for the quarter, compared to analyst estimates of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. On average, equities research analysts forecast that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on SXI. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Standex International has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

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.