Louisiana State Employees Retirement System Takes $1.38 Million Position in Standex International Corporation $SXI

Louisiana State Employees Retirement System acquired a new position in shares of Standex International Corporation (NYSE:SXI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,400 shares of the industrial products company’s stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP increased its position in Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after purchasing an additional 520,506 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Standex International by 73.1% in the 4th 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 purchasing an additional 94,415 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Standex International in the 3rd quarter valued at $17,766,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Standex International by 23.4% during 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 buying an additional 74,599 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Standex International by 538.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after buying an additional 46,838 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Down 5.9%

Standex International stock opened at $327.95 on Friday. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 12-month low of $152.64 and a 12-month high of $363.89. The firm’s fifty day moving average is $286.93 and its 200 day moving average is $262.94. The company has a market capitalization of $3.97 billion, a PE ratio of 39.95, a PEG ratio of 3.89 and a beta of 1.03.

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 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 company had revenue of $224.59 million during the quarter, compared to analyst estimates of $225.16 million. During the same quarter in the previous year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, DA Davidson restated a “buy” rating and set 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $289.67.

About Standex International

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.