Kennedy Capital Management LLC Grows Position in Standex International Corporation $SXI

Kennedy Capital Management LLC increased its stake in Standex International Corporation (NYSE:SXI) by 14.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,841 shares of the industrial products company’s stock after purchasing an additional 11,998 shares during the quarter. Kennedy Capital Management LLC’s holdings in Standex International were worth $20,824,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Entropy Technologies LP acquired a new stake in shares of Standex International in the fourth quarter valued at about $217,000. Barclays PLC grew its stake in shares of Standex International by 10.0% in the fourth quarter. Barclays PLC now owns 18,763 shares of the industrial products company’s stock valued at $4,077,000 after buying an additional 1,703 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Standex International by 34.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,440 shares of the industrial products company’s stock valued at $313,000 after buying an additional 365 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Standex International by 20.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the industrial products company’s stock valued at $271,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SXI shares. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th. DA Davidson restated a “buy” rating and set a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Trading Down 0.2%

Shares of NYSE SXI opened at $303.50 on Friday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 3.93 and a beta of 1.08. Standex International Corporation has a 12-month low of $151.61 and a 12-month high of $309.00. 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 stock’s 50 day simple moving average is $270.58 and its 200 day simple moving average is $254.43.

Standex International (NYSE:SXI) last announced its quarterly 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 company had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. Equities research analysts expect that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.34 per share. 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 16.57%.

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.