Leeward Investments LLC MA Trims Holdings in Standex International Corporation $SXI

Leeward Investments LLC MA lowered its position in shares of Standex International Corporation (NYSE:SXI) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 110,598 shares of the industrial products company’s stock after selling 2,471 shares during the period. Standex International accounts for 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 14th largest holding. Leeward Investments LLC MA’s holdings in Standex International were worth $23,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SXI. Nisa Investment Advisors LLC increased its stake in shares of Standex International by 6.8% in the third quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 44 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Standex International by 3.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock worth $378,000 after buying an additional 66 shares during the period. SG Americas Securities LLC increased its stake in Standex International by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock worth $312,000 after buying an additional 68 shares in the last quarter. AlphaQuest LLC raised its holdings in Standex International by 72.8% during the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Standex International by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 84 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 1.6%

Shares of SXI opened at $259.84 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 58.26 and a beta of 1.13. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The business’s 50 day simple moving average is $239.32 and its 200-day simple moving average is $225.22.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. Standex International’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.91 earnings per share. As a group, equities analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 13th. Standex International’s dividend payout ratio is currently 30.49%.

Insider Transactions at Standex International

In related news, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the completion of the transaction, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy L. Nemeth acquired 2,000 shares of Standex International stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares of the company’s stock, valued at $2,116,555. The trade was a 30.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SXI shares. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, February 2nd. DA Davidson upped their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Roth Mkm raised their target price on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

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.