Standex International Corporation $SXI Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in Standex International Corporation (NYSE:SXI) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,918 shares of the industrial products company’s stock after selling 7,995 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Standex International were worth $19,348,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Standex International by 2,963.3% during the 1st quarter. NewEdge Advisors LLC now owns 2,757 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 2,667 shares during the period. Bank of America Corp DE increased its stake in Standex International by 8.8% during the first quarter. Bank of America Corp DE now owns 35,630 shares of the industrial products company’s stock worth $9,081,000 after purchasing an additional 2,867 shares during the period. Amundi increased its stake in Standex International by 88.8% during the first quarter. Amundi now owns 3,585 shares of the industrial products company’s stock worth $914,000 after purchasing an additional 1,686 shares during the period. California State Teachers Retirement System lifted its position in shares of Standex International by 26.5% during the first quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock worth $3,722,000 after purchasing an additional 3,059 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Standex International by 5.5% during the first quarter. Quantinno Capital Management LP now owns 7,602 shares of the industrial products company’s stock worth $1,938,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE SXI opened at $296.48 on Friday. The stock’s 50-day moving average is $305.52 and its two-hundred day moving average is $274.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. Standex International Corporation has a 1-year low of $163.29 and a 1-year high of $363.89. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 3.31 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. The company 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 14.64% and a net margin of 11.73%.Standex International’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. Analysts forecast that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio is presently 16.57%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SXI shares. DA Davidson restated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $289.67.

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.