TD Asset Management Inc Invests $581,000 in Standex International Corporation $SXI

TD Asset Management Inc acquired a new stake in shares of Standex International Corporation (NYSE:SXI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,742 shares of the industrial products company’s stock, valued at approximately $581,000.

Other institutional investors have also made changes to their positions in the company. Advantage Alpha Capital Partners LP boosted 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 purchasing an additional 5,863 shares during the period. 1ST Source Bank bought a new position in shares of Standex International in the second quarter valued at approximately $411,000. Voya Investment Management LLC raised its position in shares of Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock valued at $34,994,000 after purchasing an additional 25,028 shares during the period. XTX Topco Ltd acquired a new stake in shares of Standex International in the second quarter worth $857,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after buying an additional 4,621 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Standex International Trading Down 1.8%

Shares of SXI stock opened at $250.94 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 56.26 and a beta of 1.09. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The firm’s fifty day simple moving average is $246.99 and its 200 day simple moving average is $231.84. 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 issued its quarterly 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 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 was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.91 EPS. As a group, sell-side analysts predict that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity at Standex International

In other news, Director Andy L. Nemeth bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average cost of $245.00 per share, with a total value of $490,000.00. Following the completion of the transaction, the director directly owned 8,639 shares in the company, valued at $2,116,555. This represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,013 shares of company stock worth $4,101,963 in the last three months. Corporate insiders own 2.52% of the company’s stock.

Standex International Company Profile

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.