Van Hulzen Asset Management LLC Takes $1.35 Million Position in Standex International Corporation $SXI

Van Hulzen Asset Management LLC bought a new position in shares of Standex International Corporation (NYSE:SXI) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,786 shares of the industrial products company’s stock, valued at approximately $1,354,000.

Several other institutional investors have also recently added to or reduced their stakes in SXI. BlackRock Inc. acquired a new position in Standex International in the second quarter valued at approximately $640,120,000. Wasatch Advisors LP lifted its position in shares of 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 worth $297,643,000 after buying an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Standex International during the 2nd quarter worth approximately $149,891,000. Bank of New York Mellon Corp acquired a new position in shares of Standex International in the 2nd quarter valued at $65,337,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings 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 buying an additional 94,415 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

Shares of SXI opened at $303.24 on Tuesday. Standex International Corporation has a 12-month low of $197.00 and a 12-month high of $363.89. The stock has a market cap of $3.68 billion, a P/E ratio of 34.98, a PEG ratio of 3.46 and a beta of 1.06. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $316.83 and a two-hundred day moving average of $282.98.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. During the same period in the prior year, the business earned $2.28 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, research analysts predict that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio is 15.69%.

Analyst Ratings Changes

SXI has been the topic of several research analyst reports. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings downgraded shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, DA Davidson reiterated a “buy” rating and set a $350.00 target price on shares of Standex International in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $298.67.

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.