Anchor Capital Management Company LLC Reduces Stock Holdings in Standex International Corporation $SXI

Anchor Capital Management Company LLC cut its holdings in shares of Standex International Corporation (NYSE:SXI) by 26.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,214 shares of the industrial products company’s stock after selling 20,173 shares during the period. Standex International makes up approximately 15.5% of Anchor Capital Management Company LLC’s holdings, making the stock its 4th biggest position. Anchor Capital Management Company LLC’s holdings in Standex International were worth $14,327,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted 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 valued at $297,643,000 after buying an additional 520,506 shares in the last quarter. 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. T. Rowe Price Investment Management Inc. raised its holdings in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Standex International by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock valued at $43,992,000 after acquiring an additional 6,092 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Down 1.8%

Standex International stock opened at $302.99 on Friday. Standex International Corporation has a twelve month low of $162.69 and a twelve month high of $363.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The firm has a market cap of $3.67 billion, a PE ratio of 36.91, a P/E/G ratio of 3.39 and a beta of 1.03. The firm’s 50 day moving average price is $301.42 and its two-hundred day moving average price is $272.08.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company had revenue of $224.59 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, research analysts predict that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SXI shares. Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $323.00 target price on shares of Standex International in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.