GAMMA Investing LLC Has $5.26 Million Position in Standex International Co. (NYSE:SXI)

GAMMA Investing LLC lifted its stake in Standex International Co. (NYSE:SXI) by 16,968.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,601 shares of the industrial products company’s stock after purchasing an additional 32,410 shares during the period. GAMMA Investing LLC owned 0.27% of Standex International worth $5,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SXI. Wasatch Advisors LP increased its holdings in shares of Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after purchasing an additional 64,373 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Standex International during the 4th quarter worth $11,296,000. Ameriprise Financial Inc. grew its holdings in Standex International by 15.6% during the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock worth $64,817,000 after acquiring an additional 46,869 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in Standex International during the 4th quarter worth $8,080,000. Finally, Norges Bank acquired a new stake in Standex International during the 4th quarter worth $7,122,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI stock opened at $155.44 on Wednesday. Standex International Co. has a 12-month low of $128.85 and a 12-month high of $212.66. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $146.95 and a 200-day moving average of $173.55.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. The business had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. On average, equities research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.82%. Standex International’s dividend payout ratio is currently 25.30%.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the sale, the director now directly owns 5,259 shares of the company’s stock, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SXI shares. DA Davidson lowered their target price on shares of Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Roth Capital raised shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Standex International from a “hold” rating to a “buy” rating in a report on Saturday, May 31st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $223.33.

About Standex International

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.