Barrow Hanley Mewhinney & Strauss LLC Takes Position in Standex International Corporation $SXI

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 419,075 Standex International shares worth approximately $149.9 million, representing about 3.46% of the company. Institutional investors collectively own 90.35% of SXI.
• Standex reported quarterly EPS of $2.45, exceeding estimates of $2.35, while revenue rose 2.8% year over year to $228.25 million. Analysts expect full-year EPS of approximately $9.96.
• The company paid a quarterly dividend of $0.34, equivalent to a $1.36 annualized payout and a 0.4% yield. Analyst sentiment remains a “Moderate Buy,” with three Buy ratings and two Holds.

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Standex International Corporation (NYSE:SXI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 419,075 shares of the industrial products company's stock, valued at approximately $149,891,000. Barrow Hanley Mewhinney & Strauss LLC owned about 3.46% of Standex International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SXI. BlackRock Inc. bought a new position in shares of Standex International during the 2nd quarter worth about $640,120,000. Wasatch Advisors LP grew its holdings in Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Standex International in the second quarter valued at approximately $65,337,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company's stock valued at $48,580,000 after acquiring an additional 94,415 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Standex International by 538.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company's stock worth $12,069,000 after buying an additional 46,838 shares during the period. Institutional investors own 90.35% of the company's stock.

Standex International Stock Up 0.3%

Shares of NYSE SXI opened at $311.36 on Monday. The stock's fifty day moving average is $316.96 and its 200 day moving average is $282.59. The stock has a market capitalization of $3.77 billion, a P/E ratio of 35.91, a PEG ratio of 3.46 and a beta of 1.06. 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 $197.00 and a 52 week high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last released its 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. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The firm had revenue of $228.25 million for the quarter, compared to analysts' expectations of $226.47 million. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.34 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International's dividend payout ratio is currently 15.69%.

Analyst Ratings Changes

SXI has been the topic of several recent analyst reports. Zacks Research raised shares of Standex International from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Weiss Ratings lowered shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. 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. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Standex International currently has an average rating of "Moderate Buy" and a consensus target price of $298.67.

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.

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