Public Employees Retirement System of Ohio Makes New Investment in Standex International Corporation $SXI

Public Employees Retirement System of Ohio acquired a new position in shares of Standex International Corporation (NYSE:SXI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,836 shares of the industrial products company’s stock, valued at approximately $3,518,000. Public Employees Retirement System of Ohio owned about 0.08% of Standex International at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Standex International by 110.7% during the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC increased its position in shares of 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 purchasing an additional 634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 purchasing an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Standex International by 3.9% during 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 worth $6,474,000 after purchasing an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of 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 buying an additional 33,016 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

NYSE SXI opened at $276.77 on Friday. The firm has a 50-day moving average of $313.14 and a 200-day moving average of $285.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The stock has a market cap of $3.35 billion, a PE ratio of 31.92, a P/E/G ratio of 3.10 and a beta of 1.04. Standex International Corporation has a 52-week low of $197.65 and a 52-week high of $363.89.

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

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International’s payout ratio is currently 15.69%.

Insider Activity at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $290.82, for a total value of $3,780,660.00. Following the transaction, the chief executive officer owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,150 shares of company stock valued at $3,827,958 over the last 90 days. 2.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SXI has been the topic of several recent analyst reports. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. DA Davidson reissued a “buy” rating and set a $350.00 price target on shares of Standex International in a research report on Thursday, August 20th. Finally, Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Three 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.com, Standex International presently has an average rating of “Moderate Buy” and a consensus target price of $298.67.

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.