Standex International Corporation $SXI Shares Bought by 1ST Source Bank

1ST Source Bank lifted its position in shares of Standex International Corporation (NYSE:SXI) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,126 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. 1ST Source Bank’s holdings in Standex International were worth $2,071,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in shares of Standex International during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its holdings in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. UMB Bank n.a. raised its holdings in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Standex International during the 3rd quarter worth $28,000. Finally, Simplex Trading LLC purchased a new position in shares of Standex International during the 4th quarter worth $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of Standex International stock opened at $311.94 on Wednesday. The business’s fifty day moving average price is $294.04 and its 200 day moving average price is $267.82. Standex International Corporation has a twelve month low of $152.64 and a twelve month high of $363.89. 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 has a market capitalization of $3.78 billion, a P/E ratio of 38.00, a PEG ratio of 3.43 and a beta of 1.03.

Standex International (NYSE:SXI) last announced 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). The firm had revenue of $224.59 million for the quarter, compared to analyst estimates of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. As a group, research analysts anticipate that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $323.00 price target on shares of Standex International in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.