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

Louisiana State Employees Retirement System bought a new position in shares of Standex International Corporation (NYSE:SXI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,400 shares of the industrial products company’s stock, valued at approximately $1,376,000.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. lifted 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. Measured Wealth Private Client Group LLC bought a new position in shares of Standex International in the third quarter valued at $28,000. Simplex Trading LLC acquired a new position in shares of Standex International during the fourth quarter valued at about $35,000. Finally, Financial Consulate Inc. grew its holdings in shares of Standex International by 84.7% during the fourth quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, March 9th. Weiss Ratings downgraded Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. DA Davidson reiterated a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Stock Performance

Shares of SXI opened at $327.95 on Friday. The firm has a market cap of $3.97 billion, a PE ratio of 39.95, a PEG ratio of 3.89 and a beta of 1.03. The stock’s fifty day moving average price is $286.93 and its two-hundred day moving average price is $262.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. Standex International Corporation has a 1 year low of $152.64 and a 1 year high of $363.89.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.59 million for the quarter, compared to the consensus estimate of $225.16 million. During the same quarter in the previous year, the company posted $1.95 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

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

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.