Bessemer Group Inc. Has $824,000 Stock Position in Standex International Corporation $SXI

Bessemer Group Inc. cut its stake in shares of Standex International Corporation (NYSE:SXI) by 59.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,233 shares of the industrial products company’s stock after selling 4,820 shares during the period. Bessemer Group Inc.’s holdings in Standex International were worth $824,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1ST Source Bank increased its holdings in shares of Standex International by 32.6% in the first quarter. 1ST Source Bank now owns 8,126 shares of the industrial products company’s stock valued at $2,071,000 after purchasing an additional 2,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Standex International by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 59,171 shares of the industrial products company’s stock valued at $15,080,000 after purchasing an additional 1,271 shares in the last quarter. Associated Banc Corp bought a new stake in shares of Standex International during the 1st quarter valued at approximately $224,000. Cedar Mountain Advisors LLC acquired a new position in Standex International in the 1st quarter worth about $29,000. Finally, Kestra Advisory Services LLC boosted its position in Standex International by 10.5% during the 1st quarter. Kestra Advisory Services LLC now owns 1,303 shares of the industrial products company’s stock worth $332,000 after buying an additional 124 shares during the period. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

NYSE SXI opened at $308.63 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $300.33 and a 200 day simple moving average of $271.86. Standex International Corporation has a 12-month low of $158.63 and a 12-month high of $363.89. The company has a market cap of $3.74 billion, a P/E ratio of 37.59, a PEG ratio of 3.46 and a beta of 1.03.

Standex International (NYSE:SXI) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share 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 $224.59 million during the quarter, compared to the consensus estimate of $225.16 million. During the same period last year, the business posted $1.95 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

Analyst Ratings Changes

A number of equities analysts recently commented on SXI shares. Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. DA Davidson restated a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

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.