Future Fund LLC bought a new stake in Standex International Corporation (NYSE:SXI – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,343 shares of the industrial products company’s stock, valued at approximately $2,891,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings 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 worth $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Standex International in the first quarter valued at approximately $29,000. Finally, Simplex Trading LLC purchased a new stake in shares of Standex International in the fourth quarter valued at approximately $35,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Standex International Stock Performance
SXI opened at $302.47 on Friday. Standex International Corporation has a 1-year low of $154.57 and a 1-year high of $363.89. The stock has a market cap of $3.66 billion, a P/E ratio of 36.84, a P/E/G ratio of 3.40 and a beta of 1.03. The stock’s 50 day simple moving average is $296.36 and its 200 day simple moving average is $269.14. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.
Analysts Set New Price Targets
SXI has been the subject of several research analyst reports. Weiss Ratings upgraded Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. DA Davidson restated a “buy” rating and set a $323.00 target price on shares of Standex International in a research report on Monday, May 4th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.
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