Deutsche Bank AG Invests $7.59 Million in Standex International Corporation $SXI

Deutsche Bank AG bought a new stake in shares of Standex International Corporation (NYSE:SXI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,223 shares of the industrial products company's stock, valued at approximately $7,591,000. Deutsche Bank AG owned approximately 0.18% of Standex International at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Standex International by 110.7% during the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company's stock worth $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC grew its stake in Standex International by 13.7% in the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock valued at $851,000 after acquiring an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $1,118,000 after acquiring an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Standex International by 3.9% during 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 purchasing an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of 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 valued at $5,919,000 after purchasing an additional 33,016 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research raised Standex International from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Weiss Ratings cut 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 target price on shares of Standex International in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $298.67.

Standex International Trading Up 0.3%

Shares of Standex International stock opened at $311.36 on Monday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.46 and a beta of 1.06. Standex International Corporation has a fifty-two week low of $197.00 and a fifty-two week high of $363.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The stock has a 50 day moving average of $316.96 and a 200 day moving average of $282.59.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 EPS. As a group, research analysts predict that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

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

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.

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