Squarepoint Ops LLC Acquires New Position in Standex International Corporation $SXI

Squarepoint Ops LLC bought a new position in Standex International Corporation (NYSE:SXI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 21,038 shares of the industrial products company’s stock, valued at approximately $3,292,000. Squarepoint Ops LLC owned approximately 0.17% of Standex International at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SXI. Advantage Alpha Capital Partners LP lifted its position in Standex International by 27.1% during the second quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after buying an additional 5,863 shares in the last quarter. 1ST Source Bank purchased a new stake in Standex International in the 2nd quarter valued at $411,000. Champlain Investment Partners LLC increased its stake in shares of Standex International by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company’s stock worth $95,309,000 after acquiring an additional 6,121 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Standex International by 30.2% during the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company’s stock worth $11,934,000 after acquiring an additional 17,139 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Standex International by 21.8% during the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 541 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Standex International

In other Standex International news, insider Vineet Kshirsagar sold 650 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total value of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares in the company, valued at $1,177,818.39. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total value of $419,508.76. Following the completion of the sale, the chief financial officer owned 9,341 shares in the company, valued at approximately $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,473 shares of company stock worth $7,389,509. 2.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SXI shares. Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $272.00 price target on shares of Standex International in a research report on Monday, November 24th. Roth Capital upped their price objective on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.00.

Standex International Stock Performance

Shares of SXI stock opened at $228.09 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.07 and a current ratio of 2.87. The firm has a market cap of $2.76 billion, a P/E ratio of 52.32 and a beta of 1.10. The firm’s 50 day moving average price is $235.27 and its 200-day moving average price is $201.14. Standex International Corporation has a one year low of $128.85 and a one year high of $252.78.

Standex International (NYSE:SXI) last posted its earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The firm had revenue of $217.43 million during the quarter, compared to the consensus estimate of $215.96 million. During the same quarter last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, equities research analysts predict that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s payout ratio is 31.19%.

Standex International Company 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.