2 weeks Ago By ABMN Staff
Intech Investment Management LLC bought a new stake in Standex International Co. ( NYSE:SXI – Free Report ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,566 shares of the industrial products company’s stock, valued at approximately $252,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Standex International by 322.2% in the first quarter.
GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 145 shares during the period. Fifth Third Bancorp increased its position in Standex International by 95.5% in the second quarter.
Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 358 shares during the period. Tidal Investments LLC acquired a new stake in Standex International in the first quarter worth about $210,000. Cetera Advisors LLC acquired a new stake in Standex International in the first quarter worth about $213,000.
Finally, Choreo LLC acquired a new stake in Standex International in the second quarter worth about $216,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Standex International Price Performance Shares of SXI opened at $182.37 on Friday. The company has a current ratio of 3.
37, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24.
Standex International Co. has a 1 year low of $130.04 and a 1 year high of $191.
18. The stock has a market cap of $2.14 billion, a P/E ratio of 29.
51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.
The stock’s 50-day moving average price is $174.94 and its two-hundred day moving average price is $172.14.
Standex International Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.30 per share.
This represents a $1.20 dividend on an annualized basis and a yield of 0.66%.
The ex-dividend date of this dividend was Friday, August 9th. Standex International’s dividend payout ratio (DPR) is currently 19.42%.
Analyst Ratings Changes A number of analysts recently commented on SXI shares. Benchmark reiterated a “buy” rating and issued a $210.00 price objective on shares of Standex International in a research report on Friday, August 2nd.
StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, DA Davidson lifted their price objective on Standex International from $203.
00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Check Out Our Latest Research Report on Standex International Standex International Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standex International Co.
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