Gamco Investors INC. ET AL Sells 3,015 Shares of Standex International Corporation $SXI

Gamco Investors INC. ET AL trimmed its position in shares of Standex International Corporation (NYSE:SXI) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,897 shares of the industrial products company’s stock after selling 3,015 shares during the period. Gamco Investors INC. ET AL’s holdings in Standex International were worth $16,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in Standex International by 6.8% during the third quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after buying an additional 44 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of 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 valued at $378,000 after acquiring an additional 66 shares during the period. SG Americas Securities LLC raised its position in shares of 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 acquiring an additional 68 shares in the last quarter. Huntington National Bank raised its position in shares of Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Insider Transactions at Standex International

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the sale, the chief executive officer owned 88,973 shares in the company, valued at approximately $22,771,749.62. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy L. Nemeth acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was purchased at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the acquisition, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 16,013 shares of company stock worth $4,101,963. 2.52% of the stock is owned by insiders.

Standex International Trading Down 1.8%

Shares of Standex International stock opened at $250.94 on Friday. The firm’s 50 day simple moving average is $246.99 and its two-hundred day simple moving average is $232.04. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 56.26 and a beta of 1.09. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $270.87. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. Analysts predict that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

SXI has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. DA Davidson lifted their price objective on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and an average target price 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.