Texas Permanent School Fund Corp Buys 62 Shares of Standex International Co. (NYSE:SXI)

Texas Permanent School Fund Corp lifted its holdings in shares of Standex International Co. (NYSE:SXI) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,451 shares of the industrial products company’s stock after acquiring an additional 62 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Standex International worth $1,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SXI. Principal Securities Inc. purchased a new stake in Standex International in the fourth quarter worth $26,000. GAMMA Investing LLC grew its position in shares of Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Standex International in the first quarter valued at $210,000. Finally, Cetera Advisors LLC purchased a new position in shares of Standex International in the first quarter valued at $213,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Trading Up 1.0 %

Shares of SXI stock opened at $176.21 on Thursday. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $174.81 and a two-hundred day moving average price of $171.89. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18. The firm has a market cap of $2.07 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The firm had revenue of $180.19 million during the quarter, compared to analyst estimates of $181.35 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that Standex International Co. will post 7.67 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, August 9th. Standex International’s dividend payout ratio (DPR) is currently 19.42%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SXI. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark reissued a “buy” rating and set a $210.00 price objective on shares of Standex International in a research note on Friday, August 2nd. DA Davidson lifted their price objective on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Barrington Research reissued an “outperform” rating and set a $180.00 price objective on shares of Standex International in a research note on Tuesday, May 28th.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.