Susquehanna Fundamental Investments LLC Acquires 8,270 Shares of Standex International Corporation $SXI

Key Points

• Susquehanna Fundamental Investments increased its Standex International stake by 42.3% in the second quarter, buying 8,270 shares and bringing its holdings to 27,804 shares valued at approximately $9.95 million. Institutional investors collectively own 90.35% of SXI.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $298.67. DA Davidson reaffirmed its Buy rating with a $350 target.
• Standex exceeded quarterly expectations, reporting $2.45 in earnings per share versus the $2.35 estimate and revenue of $228.25 million, up 2.8% year over year. The company also paid a quarterly dividend of $0.34 per share, representing a 0.5% yield.

Susquehanna Fundamental Investments LLC increased its holdings in Standex International Corporation (NYSE:SXI - Free Report) by 42.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,804 shares of the industrial products company's stock after buying an additional 8,270 shares during the period. Susquehanna Fundamental Investments LLC owned 0.23% of Standex International worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new position in Standex International during the 2nd quarter worth $817,000. Benjamin Edwards Inc. lifted its position in shares of Standex International by 3.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 4,224 shares of the industrial products company's stock valued at $1,512,000 after acquiring an additional 134 shares during the period. Wedbush Securities Inc. lifted its position in shares of Standex International by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 1,558 shares of the industrial products company's stock valued at $557,000 after acquiring an additional 139 shares during the period. Greenleaf Trust acquired a new stake in shares of Standex International during the 2nd quarter worth $231,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Standex International during the 2nd quarter worth $3,518,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SXI. DA Davidson reaffirmed a "buy" rating and issued a $350.00 price target on shares of Standex International in a research note on Thursday, August 20th. Zacks Research raised shares of Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings cut shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $298.67.

Standex International Stock Performance

Standex International stock opened at $298.94 on Monday. Standex International Corporation has a 12-month low of $197.00 and a 12-month 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 business's 50-day moving average price is $316.38 and its two-hundred day moving average price is $284.51. The stock has a market cap of $3.62 billion, a PE ratio of 34.48, a P/E/G ratio of 3.33 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Friday, July 31st. The industrial products company reported $2.45 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 firm had revenue of $228.25 million during the quarter, compared to analysts' expectations of $226.47 million. During the same quarter in the prior year, the business earned $2.28 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts expect that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed 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 yield of 0.5%. Standex International's dividend payout ratio 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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