Standex International Corporation $SXI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in Standex International Corporation (NYSE:SXI) by 45.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,736 shares of the industrial products company’s stock after selling 3,061 shares during the quarter. Sterling Capital Management LLC’s holdings in Standex International were worth $952,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cornerstone Planning Group LLC lifted its stake in shares of Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. increased its position in shares of Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the 3rd quarter valued at about $28,000. Simplex Trading LLC purchased a new stake in Standex International in the 4th quarter valued at about $35,000. Finally, Financial Consulate Inc. lifted its position in Standex International by 84.7% in the fourth quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and an average price target of $289.67.

Standex International Price Performance

SXI opened at $358.13 on Wednesday. The stock’s 50-day moving average price is $284.49 and its 200 day moving average price is $261.57. Standex International Corporation has a 12-month low of $152.64 and a 12-month high of $363.89. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 4.60 and a beta of 1.08. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). The firm had revenue of $224.59 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 earnings per share. As a group, sell-side analysts expect that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Announces Dividend

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

About Standex International

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.