Handelsbanken Fonder AB Boosts Stock Position in Standex International Co. (NYSE:SXI)

Handelsbanken Fonder AB grew its stake in shares of Standex International Co. (NYSE:SXI) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,700 shares of the industrial products company’s stock after acquiring an additional 5,000 shares during the period. Handelsbanken Fonder AB owned 1.07% of Standex International worth $23,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 acquiring an additional 9,166 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of 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 worth $116,104,000 after acquiring an additional 27,990 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of Standex International in the first quarter worth $52,565,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Standex International by 0.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company’s stock worth $41,068,000 after buying an additional 771 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in 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 during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of Standex International stock traded up $4.12 during trading on Friday, hitting $181.17. 26,791 shares of the stock traded hands, compared to its average volume of 43,599. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.60 and a beta of 1.03. 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 firm’s fifty day moving average is $174.45 and its 200-day moving average is $172.19.

Standex International (NYSE:SXI) last issued 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. The business had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the business earned $1.76 earnings per share. Research analysts expect that Standex International Co. will post 7.67 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SXI shares. Benchmark reiterated a “buy” rating and set a $210.00 price target on shares of Standex International in a research report on Friday, August 2nd. DA Davidson boosted their price target 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. Finally, StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

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.