Leeward Investments LLC MA Sells 1,952 Shares of Standex International Corporation $SXI

Leeward Investments LLC MA reduced its stake in Standex International Corporation (NYSE:SXI) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,646 shares of the industrial products company’s stock after selling 1,952 shares during the period. Standex International makes up approximately 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 18th largest holding. Leeward Investments LLC MA owned approximately 0.90% of Standex International worth $23,607,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SXI. Cornerstone Planning Group LLC grew its stake in shares of Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International in the 3rd quarter valued at approximately $28,000. AlphaQuest LLC grew its stake in shares of Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 83 shares during the period. Financial Consulate Inc. grew its stake in shares of Standex International by 84.7% in the 4th quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Huntington National Bank grew its position in Standex International by 52.6% during 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 during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 2.7%

NYSE:SXI opened at $259.69 on Friday. The stock’s fifty day moving average price is $262.37 and its two-hundred day moving average price is $248.33. Standex International Corporation has a 52-week low of $144.62 and a 52-week high of $284.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 3.27 and a beta of 1.09.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.60 million for the quarter, compared to analyst estimates of $225.16 million. During the same period in the prior year, the company posted $1.95 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Standex International Corporation will post 8.59 EPS for the current year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s dividend payout ratio is currently 16.57%.

Analysts Set New Price Targets

A number of research firms recently commented on SXI. Zacks Research lowered Standex International from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Roth Mkm increased their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, DA Davidson restated a “buy” rating and set a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $289.67.

Insiders Place Their Bets

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David A. Dunbar sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer directly owned 88,973 shares in the company, valued at approximately $22,771,749.62. This represents a 14.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,013 shares of company stock valued at $4,102,367. 2.52% of the stock is currently owned by corporate insiders.

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.