B. Metzler seel. Sohn & Co. AG Makes New $4.89 Million Investment in Standex International Corporation $SXI

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 13,669 shares of Standex International worth approximately $4.89 million, giving it a 0.11% stake. Institutional investors collectively own 90.35% of the company.
• Analyst sentiment remains positive overall, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $298.67; DA Davidson maintains a $350 target.
• Standex exceeded quarterly expectations, reporting $2.45 in EPS and $228.25 million in revenue, while sales increased 2.8% year over year. The company also pays a quarterly dividend of $0.34 per share, yielding about 0.4%.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Standex International Corporation (NYSE:SXI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,669 shares of the industrial products company's stock, valued at approximately $4,889,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of Standex International as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SXI. Royal Bank of Canada lifted its stake in shares of Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company's stock valued at $7,263,000 after purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC raised its holdings in Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock valued at $851,000 after buying an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company's stock valued at $1,118,000 after acquiring an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock valued at $6,474,000 after acquiring an additional 1,509 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after acquiring an additional 33,016 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SXI. DA Davidson reiterated a "buy" rating and issued a $350.00 price target on shares of Standex International in a report on Thursday. Weiss Ratings downgraded shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $298.67.

Standex International Trading Up 0.6%

Shares of SXI stock opened at $311.36 on Friday. Standex International Corporation has a 1-year low of $197.00 and a 1-year high of $363.89. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $316.96 and a 200-day simple moving average of $282.34.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analysts' expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. On average, equities research analysts expect that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Dividend Announcement

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

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.

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