Bank of Montreal Can Acquires 1,880 Shares of Standex International Co. (NYSE:SXI)

Bank of Montreal Can raised its holdings in Standex International Co. (NYSE:SXI) by 121.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,430 shares of the industrial products company’s stock after acquiring an additional 1,880 shares during the quarter. Bank of Montreal Can’s holdings in Standex International were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXI. Campbell & CO Investment Adviser LLC purchased a new position in Standex International in the 4th quarter worth about $451,000. Goldman Sachs Group Inc. increased its position in shares of Standex International by 6.0% during the fourth 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 during the period. Vanguard Group Inc. raised its stake 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 valued at $224,255,000 after acquiring an additional 9,166 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Standex International in the first quarter valued at approximately $236,000. Finally, GAMMA Investing LLC grew its stake in Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Standex International stock opened at $181.61 on Wednesday. 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 firm has a market cap of $2.13 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a fifty day moving average of $174.35 and a two-hundred day moving average of $172.12. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $191.18.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $181.35 million. During the same period in the prior year, the business posted $1.76 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that Standex International Co. will post 7.67 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, August 9th. Standex International’s dividend payout ratio is currently 19.42%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SXI. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark restated a “buy” rating and issued a $210.00 price objective on shares of Standex International in a report on Friday, August 2nd. Finally, DA Davidson upped their price objective on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

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.