Standex International Co. (NYSE:SXI) Shares Acquired by Creative Planning

Creative Planning raised its stake in shares of Standex International Co. (NYSE:SXI) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the industrial products company’s stock after buying an additional 597 shares during the period. Creative Planning’s holdings in Standex International were worth $502,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Champlain Investment Partners LLC boosted its position in shares of Standex International by 4.6% during the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after purchasing an additional 27,990 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised 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 valued at $41,068,000 after acquiring an additional 771 shares in the last quarter. Leeward Investments LLC MA raised its position in Standex International by 5.6% during the second quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company’s stock valued at $21,281,000 after acquiring an additional 7,020 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Standex International by 4.1% in the third quarter. Handelsbanken Fonder AB now owns 127,700 shares of the industrial products company’s stock valued at $23,341,000 after purchasing an additional 5,000 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Standex International by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock valued at $15,901,000 after purchasing an additional 4,768 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Trading Up 1.7 %

Shares of Standex International stock opened at $185.35 on Wednesday. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $191.18. The stock has a market cap of $2.21 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.62 and a beta of 1.03. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $176.91 and its 200-day moving average is $172.78.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 EPS. Equities research analysts predict that Standex International Co. will post 7.65 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.32 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio is 19.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on SXI. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. DA Davidson boosted their target price 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. Benchmark lifted their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Barrington Research reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th.

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.