Public Employees Retirement System of Ohio Purchases New Shares in Standex International Corporation $SXI

Public Employees Retirement System of Ohio purchased a new position in shares of Standex International Corporation (NYSE:SXI) during the second quarter, HoldingsChannel reports. The fund purchased 9,836 shares of the industrial products company’s stock, valued at approximately $3,518,000.

Other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Standex International during the 1st quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new stake in shares of Standex International in the second quarter valued at approximately $42,000. UMB Bank n.a. grew its position in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Allworth Financial LP bought a new position in Standex International during the 2nd quarter worth $46,000. Finally, State of Wyoming bought a new position in Standex International during the 2nd quarter worth $46,000. Institutional investors own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO David Dunbar sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares in the company, valued at $22,094,467.86. This represents a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 13,150 shares of company stock worth $3,827,958. Insiders own 2.52% of the company’s stock.

Standex International Trading Down 0.4%

Shares of SXI opened at $276.77 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a 52-week low of $197.65 and a 52-week high of $363.89. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.10 and a beta of 1.04. The business’s fifty day moving average is $313.14 and its 200-day moving average is $285.15.

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

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is presently 15.69%.

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.