Public Sector Pension Investment Board Has $6.10 Million Position in Standex International Corporation $SXI

Key Points

• The Public Sector Pension Investment Board increased its stake in Standex International Corporation by 25.3%, now holding approximately $6.10 million in the company's shares.
• Standex International reported a 23.2% increase in revenue and earnings per share of $2.28, surpassing analyst expectations.
• A dividend of $0.32 per share was announced by the company, representing a 0.6% yield, with the payment scheduled for August 22nd.

Public Sector Pension Investment Board raised its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,770 shares of the industrial products company's stock after acquiring an additional 7,637 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.31% of Standex International worth $6,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SXI. Nuveen LLC acquired a new stake in shares of Standex International during the 1st quarter valued at about $4,595,000. Invesco Ltd. lifted its holdings in shares of Standex International by 30.2% during the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock valued at $11,934,000 after buying an additional 17,139 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Standex International by 3.7% during the 1st quarter. Benjamin Edwards Inc. now owns 2,824 shares of the industrial products company's stock valued at $456,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Standex International by 41.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,686 shares of the industrial products company's stock valued at $1,725,000 after buying an additional 3,138 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Standex International during the 1st quarter valued at about $2,046,000. Hedge funds and other institutional investors own 90.35% of the company's stock.

Standex International Stock Performance

Shares of SXI traded down $0.3040 during mid-day trading on Tuesday, hitting $203.6360. The company's stock had a trading volume of 98,256 shares, compared to its average volume of 91,587. The stock's 50-day moving average is $168.58 and its two-hundred day moving average is $164.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The firm has a market capitalization of $2.46 billion, a PE ratio of 43.89, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.Standex International's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. As a group, sell-side analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International's dividend payout ratio is currently 27.59%.

Insider Transactions at Standex International

In other Standex International news, CEO David A. Dunbar sold 16,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SXI. DA Davidson lifted their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Tuesday, July 29th. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Roth Capital reaffirmed a "buy" rating and set a $205.00 target price (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $223.50.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.