J. Goldman & Co LP Acquires Shares of 25,376 Standex International Corporation $SXI

J. Goldman & Co LP bought a new stake in shares of Standex International Corporation (NYSE:SXI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,376 shares of the industrial products company’s stock, valued at approximately $9,076,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares in the last quarter. UMB Bank n.a. boosted its position in Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Standex International during the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Standex International in the 1st quarter worth approximately $29,000. Finally, Simplex Trading LLC bought a new position in shares of Standex International in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SXI shares. Zacks Research raised 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 objective on shares of Standex International in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded shares of 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, Standex International has a consensus rating of “Moderate Buy” and an average target price of $298.67.

Standex International Price Performance

Shares of NYSE:SXI opened at $305.67 on Wednesday. The business has a fifty day moving average price of $316.77 and a 200-day moving average price of $283.42. The company has a market capitalization of $3.70 billion, a PE ratio of 35.26, a PEG ratio of 3.38 and a beta of 1.06. Standex International Corporation has a 1-year low of $197.00 and a 1-year high of $363.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84.

Standex International (NYSE:SXI) last released its quarterly earnings data 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. The company had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.Standex International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $2.28 EPS. As a group, equities analysts expect that Standex International Corporation will post 9.96 EPS 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 dividend of $0.34 per share. 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 payout ratio 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.