J. Goldman & Co LP Makes New Investment in Standex International Corporation $SXI

Key Points

• J. Goldman & Co. LP acquired 25,376 shares of Standex International in the second quarter, valued at approximately $9.1 million. Institutional investors collectively own 90.35% of SXI.
• 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 maintained a Buy rating with a $350 target.
• Standex exceeded quarterly expectations, reporting $2.45 in EPS and $228.25 million in revenue, while sales rose 2.8% year over year. The company also paid a quarterly dividend of $0.34 per share, equivalent to a 0.4% yield.

J. Goldman & Co LP acquired a new stake in shares of Standex International Corporation (NYSE:SXI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,376 shares of the industrial products company's stock, valued at approximately $9,076,000. J. Goldman & Co LP owned approximately 0.21% of Standex International as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SXI. GAMMA Investing LLC raised its position in Standex International by 13.1% during the second quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 35 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Standex International by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company's stock valued at $252,000 after buying an additional 50 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in Standex International by 2.3% in the first quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company's stock worth $606,000 after buying an additional 54 shares in the last quarter. Cornerstone Planning Group LLC grew its position in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 73 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on SXI shares. Weiss Ratings lowered shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Zacks Research raised shares of Standex International from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Finally, DA Davidson restated a "buy" rating and set a $350.00 price target 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $298.67.

Standex International Trading Up 0.9%

NYSE:SXI opened at $305.67 on Wednesday. The company has a fifty day moving average of $316.77 and a 200 day moving average of $283.42. Standex International Corporation has a 52 week low of $197.00 and a 52 week high of $363.89. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.70 billion, a P/E ratio of 35.26, a P/E/G ratio of 3.38 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. During the same quarter last year, the firm earned $2.28 EPS. The company's revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. 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.

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