Royce & Associates LP Cuts Stake in Standex International Corporation $SXI

Royce & Associates LP reduced its holdings in shares of Standex International Corporation (NYSE:SXI) by 43.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,758 shares of the industrial products company’s stock after selling 2,110 shares during the period. Royce & Associates LP’s holdings in Standex International were worth $599,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Standex International by 3.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 66 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. Huntington National Bank lifted its stake in Standex International by 52.6% in the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 82 shares during the last quarter. AlphaQuest LLC boosted its position in Standex International by 72.8% during the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after buying an additional 83 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Standex International by 1.5% during the third quarter. Illinois Municipal Retirement Fund now owns 6,388 shares of the industrial products company’s stock valued at $1,354,000 after buying an additional 93 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SXI. Zacks Research downgraded Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Roth Mkm increased their price objective on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $289.67.

Standex International Trading Up 0.0%

NYSE SXI opened at $277.06 on Monday. The stock has a market cap of $3.36 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 3.59 and a beta of 1.08. Standex International Corporation has a fifty-two week low of $147.75 and a fifty-two week high of $284.71. The stock has a 50 day simple moving average of $262.88 and a two-hundred day simple moving average of $250.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05.

Standex International (NYSE:SXI) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. During the same quarter in the prior year, the company earned $1.95 EPS. Standex International’s revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s dividend payout ratio is 16.57%.

Standex International Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.