Copeland Capital Management LLC Raises Stock Position in Standex International Co. (NYSE:SXI)

Copeland Capital Management LLC lifted its holdings in shares of Standex International Co. (NYSE:SXI) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,244 shares of the industrial products company’s stock after buying an additional 4,281 shares during the quarter. Standex International comprises approximately 1.8% of Copeland Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Copeland Capital Management LLC’s holdings in Standex International were worth $101,670,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wasatch Advisors LP bought a new stake in Standex International in the first quarter valued at about $52,565,000. Champlain Investment Partners LLC increased its stake in shares of Standex International by 4.6% in the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after acquiring an additional 27,990 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Standex International in the 2nd quarter valued at approximately $4,299,000. Lord Abbett & CO. LLC acquired a new stake in shares of Standex International in the 1st quarter valued at approximately $4,647,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Standex International in the 2nd quarter valued at approximately $3,523,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. DA Davidson increased their target price on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Benchmark restated a “buy” rating and issued a $210.00 price objective on shares of Standex International in a research report on Friday, August 2nd. Finally, StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th.

Standex International Stock Performance

Shares of SXI opened at $176.55 on Tuesday. The firm’s 50 day moving average price is $175.15 and its two-hundred day moving average price is $172.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $191.18. The firm has a market cap of $2.07 billion, a P/E ratio of 28.62, a PEG ratio of 2.60 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.72 by $0.04. The business had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. On average, analysts forecast that Standex International Co. will post 7.67 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%. Standex International’s payout ratio is presently 19.42%.

Standex International Profile

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.