Standex International Corporation $SXI Stock Holdings Trimmed by Anchor Capital Management Company LLC

Anchor Capital Management Company LLC lowered its stake in shares of Standex International Corporation (NYSE:SXI) by 22.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 76,387 shares of the industrial products company’s stock after selling 22,007 shares during the period. Standex International comprises approximately 14.7% of Anchor Capital Management Company LLC’s holdings, making the stock its 2nd biggest holding. Anchor Capital Management Company LLC’s holdings in Standex International were worth $16,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Wasatch Advisors LP raised its stake in Standex International by 61.3% during the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after purchasing an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Standex International by 23.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after acquiring an additional 74,599 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Standex International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after acquiring an additional 798 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Standex International by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after acquiring an additional 6,092 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Standex International by 23.6% in the third quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company’s stock worth $35,975,000 after acquiring an additional 32,423 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Weiss Ratings raised shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Standex International currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.

Standex International Trading Down 0.2%

Standex International stock opened at $308.79 on Wednesday. The firm’s 50-day moving average is $272.63 and its 200-day moving average is $255.50. 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 Corporation has a 1 year low of $151.79 and a 1 year high of $318.00. The company has a market cap of $3.74 billion, a P/E ratio of 37.61, a PEG ratio of 4.01 and a beta of 1.08.

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

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.

Standex International Company 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.