Copeland Capital Management LLC Has $101.67 Million Holdings in Standex International Co. (NYSE:SXI)

Copeland Capital Management LLC raised its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 0.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 556,244 shares of the industrial products company's stock after purchasing an additional 4,281 shares during the period. Standex International makes up approximately 1.8% of Copeland Capital Management LLC's portfolio, making the stock its 7th biggest holding. Copeland Capital Management LLC owned about 4.74% of Standex International worth $101,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new stake in Standex International in the 1st quarter valued at about $52,565,000. Lord Abbett & CO. LLC purchased a new position in shares of Standex International during the first quarter worth approximately $4,647,000. Harbor Capital Advisors Inc. boosted its position in Standex International by 292.6% during the second quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company's stock valued at $843,000 after buying an additional 3,900 shares during the period. Boston Partners purchased a new stake in Standex International during the 1st quarter valued at about $691,000. Finally, SG Americas Securities LLC purchased a new position in shares of Standex International in the second quarter worth $743,000. 90.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SXI has been the subject of a number of recent analyst reports. DA Davidson upped their target price on Standex International from $203.00 to $211.00 and gave the company a "buy" rating in a report on Monday, August 5th. Benchmark reiterated a "buy" rating and issued a $210.00 target price on shares of Standex International in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Standex International from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th.

Standex International Price Performance

Shares of Standex International stock traded down $3.51 during trading hours on Tuesday, reaching $173.29. The company's stock had a trading volume of 35,330 shares, compared to its average volume of 57,208. The stock has a market cap of $2.04 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.60 and a beta of 1.03. Standex International Co. has a one year low of $130.04 and a one year high of $191.18. The firm has a 50 day moving average price of $175.36 and a 200-day moving average price of $172.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.04. The business had revenue of $180.19 million for the quarter, compared to the consensus estimate of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. On average, analysts predict that Standex International Co. will post 7.67 EPS for the current year.

Standex International Announces Dividend

The firm 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. The ex-dividend date was Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. Standex International's payout ratio is 19.42%.

Standex International Company 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.