20,101 Shares in Standex International Corporation $SXI Purchased by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC bought a new position in shares of Standex International Corporation (NYSE:SXI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,101 shares of the industrial products company’s stock, valued at approximately $7,190,000. Emerald Investment Advisers LLC owned approximately 0.17% of Standex International at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC bought a new position in shares of Standex International during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares during the period. UMB Bank n.a. raised its stake 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 worth $28,000 after buying an additional 73 shares in the last quarter. Allworth Financial LP bought a new position in Standex International in the second quarter worth approximately $46,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Standex International during the third quarter worth $28,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SXI. Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson restated a “buy” rating and set a $350.00 price objective on shares of Standex International in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.67.

Standex International Trading Up 0.6%

NYSE:SXI opened at $311.36 on Friday. Standex International Corporation has a 52 week low of $197.00 and a 52 week high of $363.89. The firm has a 50 day moving average of $316.96 and a 200 day moving average of $282.34. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.45 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. During the same period last year, the firm earned $2.28 earnings per share. Standex International’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s dividend payout ratio (DPR) is presently 15.69%.

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.