GAMMA Investing LLC Acquires 72 Shares of Standex International Co. (NYSE:SXI)

GAMMA Investing LLC grew its holdings in Standex International Co. (NYSE:SXI) by 93.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149 shares of the industrial products company’s stock after buying an additional 72 shares during the quarter. GAMMA Investing LLC’s holdings in Standex International were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP bought a new stake in Standex International during the 1st quarter worth about $52,565,000. Champlain Investment Partners LLC raised its stake 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 buying an additional 27,990 shares during the last quarter. Millennium Management LLC acquired a new position in Standex International in the second quarter valued at approximately $4,299,000. Lord Abbett & CO. LLC bought a new position in Standex International in the first quarter valued at approximately $4,647,000. Finally, Squarepoint Ops LLC acquired a new stake in Standex International during the 2nd quarter worth $3,523,000. 90.35% of the stock is owned by institutional investors.

Standex International Stock Down 1.0 %

Shares of Standex International stock opened at $179.59 on Friday. The company has a market capitalization of $2.11 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The business has a 50-day moving average of $175.15 and a two-hundred day moving average of $172.16. Standex International Co. has a 1 year low of $130.04 and a 1 year high of $191.18.

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

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, August 9th. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson raised their price target on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. 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.

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.