Raymond James & Associates increased its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,138 shares of the industrial products company's stock after buying an additional 11,516 shares during the quarter. Raymond James & Associates owned about 0.40% of Standex International worth $8,616,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company's stock worth $27,000 after buying an additional 72 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Standex International during the 2nd quarter worth $32,000. Fifth Third Bancorp grew its stake in Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock worth $118,000 after buying an additional 358 shares during the last quarter. Inspire Advisors LLC bought a new position in Standex International during the 3rd quarter worth $208,000. Finally, Tidal Investments LLC bought a new position in Standex International during the 1st quarter worth $210,000. 90.35% of the stock is currently owned by institutional investors.
Standex International Stock Performance
Shares of NYSE:SXI traded up $7.28 on Wednesday, hitting $189.23. The company's stock had a trading volume of 49,940 shares, compared to its average volume of 56,808. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.56 and a beta of 1.03. The stock's 50-day moving average is $176.16 and its two-hundred day moving average is $172.35. Standex International Co. has a 12 month low of $130.04 and a 12 month high of $191.18.
Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company's revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. On average, equities research analysts forecast that Standex International Co. will post 7.67 EPS for the current year.
Standex International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.32 dividend. This is a positive change from Standex International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. Standex International's dividend payout ratio is 20.71%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on SXI shares. Barrington Research restated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday. StockNews.com raised Standex International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th. DA Davidson increased their price target on Standex International from $203.00 to $211.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Finally, Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday.
Get Our Latest Report on SXI
Standex International Company Profile
(
Free Report)
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.
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