Inspire Investing LLC Buys 217 Shares of Standex International Co. (NYSE:SXI)

Inspire Investing LLC boosted its stake in Standex International Co. (NYSE:SXI) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,454 shares of the industrial products company’s stock after acquiring an additional 217 shares during the period. Inspire Investing LLC’s holdings in Standex International were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Standex International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock worth $224,255,000 after buying an additional 9,166 shares during the period. Champlain Investment Partners LLC boosted its position in Standex International by 4.6% during the first quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after acquiring an additional 27,990 shares during the last quarter. Wasatch Advisors LP acquired a new stake in Standex International during the 1st quarter worth about $52,565,000. Goldman Sachs Group Inc. raised its position in shares of Standex International by 6.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock worth $29,836,000 after acquiring an additional 10,670 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its stake in shares of Standex International by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company’s stock valued at $21,281,000 after purchasing an additional 7,020 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Trading Down 1.6 %

NYSE SXI opened at $178.12 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Standex International Co. has a 52 week low of $130.04 and a 52 week high of $191.18. The business has a 50 day moving average price of $175.24 and a 200-day moving average price of $171.97. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 2.50 and a beta of 1.03.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The business 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 business posted $1.76 EPS. Standex International’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts expect that Standex International Co. will post 7.67 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.30 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.20 annualized dividend and a yield of 0.67%. Standex International’s payout ratio is 19.42%.

Wall Street Analysts Forecast Growth

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

Standex International Profile

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.