Royce & Associates LP Sells 2,110 Shares of Standex International Corporation $SXI

Royce & Associates LP decreased its position in shares of Standex International Corporation (NYSE:SXI) by 43.3% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 quarter.

Several other institutional investors have also recently made changes to their positions in SXI. Vanguard Personalized Indexing Management LLC lifted 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 during the period. Cornerstone Planning Group LLC grew 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 period. Huntington National Bank grew 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 period. AlphaQuest LLC raised its holdings in Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in 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 period. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

Shares of SXI stock opened at $277.06 on Monday. Standex International Corporation has a one year low of $147.75 and a one year high of $284.71. The company’s 50-day moving average is $262.88 and its 200 day moving average is $250.10. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 3.59 and a beta of 1.08. 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 issued its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. Sell-side analysts expect that Standex International Corporation will post 8.58 EPS for the current fiscal 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 issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 8th. Standex International’s payout ratio is presently 16.57%.

Analyst Ratings Changes

SXI has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Zacks Research cut shares of Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Roth Mkm raised their target price on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $289.67.

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.