Crawford Investment Counsel Inc. Lowers Stake in Standex International Corporation $SXI

Crawford Investment Counsel Inc. lowered its stake in shares of Standex International Corporation (NYSE:SXI) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 59,804 shares of the industrial products company’s stock after selling 3,374 shares during the period. Crawford Investment Counsel Inc.’s holdings in Standex International were worth $12,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Wasatch Advisors LP boosted its position in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after purchasing an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Standex International by 23.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after purchasing an additional 74,599 shares during the period. Geode Capital Management LLC boosted its position in shares of Standex International by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after purchasing an additional 798 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Standex International by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after purchasing an additional 6,092 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Standex International by 23.6% during the 3rd quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company’s stock worth $35,975,000 after purchasing an additional 32,423 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Weiss Ratings raised shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. Four equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Performance

Shares of SXI stock opened at $308.79 on Wednesday. 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 $151.79 and a 52 week high of $318.00. The stock has a market capitalization of $3.74 billion, a PE ratio of 37.61, a P/E/G ratio of 4.01 and a beta of 1.08. The firm has a 50 day moving average of $272.63 and a two-hundred day moving average of $255.50.

Standex International (NYSE:SXI) last issued its quarterly earnings results 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). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same period in the prior year, the business earned $1.95 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts predict that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s dividend payout ratio (DPR) is presently 16.57%.

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.