Crawford Investment Counsel Inc. raised its holdings in shares of Standex International Co. (NYSE:SXI – Get Rating) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,605 shares of the industrial products company's stock after purchasing an additional 3,110 shares during the quarter. Crawford Investment Counsel Inc. owned 0.49% of Standex International worth $5,856,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Prospera Financial Services Inc acquired a new position in shares of Standex International in the 1st quarter worth approximately $122,000. Inspire Investing LLC acquired a new position in shares of Standex International in the 1st quarter worth approximately $234,000. Teacher Retirement System of Texas bought a new stake in shares of Standex International in the 4th quarter worth approximately $263,000. MQS Management LLC bought a new stake in shares of Standex International in the 1st quarter worth approximately $249,000. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Standex International by 4.6% in the 1st quarter. Personal CFO Solutions LLC now owns 3,120 shares of the industrial products company's stock worth $312,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.
Get Standex International alerts:Standex International Stock Up 2.2 %
Shares of Standex International stock opened at $87.73 on Friday. The business's fifty day moving average price is $91.04 and its two-hundred day moving average price is $94.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.51 and a quick ratio of 1.82. The company has a market capitalization of $1.05 billion, a P/E ratio of 17.34, a PEG ratio of 0.91 and a beta of 1.15. Standex International Co. has a 1-year low of $79.02 and a 1-year high of $121.44.
Standex International (NYSE:SXI – Get Rating) last announced its earnings results on Thursday, August 4th. The industrial products company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.07. The firm had revenue of $184.74 million for the quarter, compared to the consensus estimate of $182.35 million. Standex International had a return on equity of 13.79% and a net margin of 8.35%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, research analysts forecast that Standex International Co. will post 6.7 EPS for the current year.Standex International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 10th. Standex International's payout ratio is currently 20.55%.
Analyst Ratings Changes
Separately, Barrington Research raised their price target on Standex International from $143.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, August 8th.
Standex International Profile
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Standex International Corporation, together with subsidiaries, manufactures and sells 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.
Further Reading
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