California State Teachers Retirement System Boosts Position in Standex International Corporation $SXI

Key Points

• California State Teachers Retirement System increased its Standex International stake by 26.5% in the first quarter, bringing its holdings to 14,604 shares valued at approximately $3.72 million. Institutional investors collectively own 90.35% of the company.
• Analysts maintain a generally positive outlook, with four Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $298.67.
• Standex exceeded quarterly earnings expectations, reporting $2.45 per share versus the $2.35 consensus and revenue of $228.25 million. The company also declared a quarterly dividend of $0.34 per share, representing a 0.4% yield.

California State Teachers Retirement System increased its position in shares of Standex International Corporation (NYSE:SXI - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,604 shares of the industrial products company's stock after acquiring an additional 3,059 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Standex International worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew 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 buying an additional 23,643 shares during the period. AQR Capital Management LLC raised its position in shares of 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. lifted its holdings in Standex International by 4.7% in 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 grew its position in 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 worth $6,474,000 after acquiring an additional 1,509 shares during the period. Finally, Jane Street Group LLC grew its position in Standex International by 902.1% in the first 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 period. Hedge funds and other institutional investors own 90.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SXI. DA Davidson set a $350.00 target price on Standex International in a research report on Tuesday. Zacks Research upgraded shares of Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings lowered shares of Standex International from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $298.67.

Standex International Stock Up 0.8%

Shares of SXI opened at $340.33 on Friday. The company's 50-day simple moving average is $311.20 and its 200-day simple moving average is $276.91. 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 1 year low of $185.15 and a 1 year high of $363.89. The stock has a market capitalization of $4.12 billion, a PE ratio of 39.25, a P/E/G ratio of 3.79 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The firm had revenue of $228.25 million during 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 quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.34 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International's payout ratio is 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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