Kennedy Capital Management LLC Takes Position in Standex International Corporation $SXI

Kennedy Capital Management LLC acquired a new stake in shares of Standex International Corporation (NYSE:SXI) during the third quarter, according to its most recent filing with the SEC. The fund acquired 83,843 shares of the industrial products company’s stock, valued at approximately $17,766,000. Kennedy Capital Management LLC owned 0.69% of Standex International as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SXI. Advantage Alpha Capital Partners LP boosted its holdings in Standex International by 27.1% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock valued at $4,306,000 after purchasing an additional 5,863 shares during the period. Voya Investment Management LLC increased its holdings 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 worth $34,994,000 after purchasing an additional 25,028 shares during the period. XTX Topco Ltd purchased a new stake in shares of Standex International in the second quarter worth $857,000. Allspring Global Investments Holdings LLC raised its position 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 in the last quarter. Finally, Synovus Financial Corp bought a new stake in Standex International during the third quarter valued at $1,177,000. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. DA Davidson lifted their price target on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Barrington Research reissued an “outperform” rating and set a $260.00 price objective on shares of Standex International in a report on Monday. Roth Mkm upped their price objective on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Three 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, Standex International presently has an average rating of “Moderate Buy” and a consensus price target of $281.33.

Standex International Price Performance

SXI stock traded down $4.87 during mid-day trading on Friday, hitting $252.62. 46,972 shares of the stock were exchanged, compared to its average volume of 152,561. 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 business has a fifty day moving average price of $250.19 and a 200 day moving average price of $233.42. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $270.87. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 56.89 and a beta of 1.09.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 EPS. On average, sell-side analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm 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. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Standex International

In other news, CEO David A. Dunbar sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total value of $3,839,100.00. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the transaction, the director directly owned 12,666 shares in the company, valued at approximately $3,293,160. This represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,013 shares of company stock valued at $4,101,963. 2.52% of the stock is owned by insiders.

Standex International 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.