Standex International Corporation $SXI Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in shares of Standex International Corporation (NYSE:SXI) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,498 shares of the industrial products company’s stock after buying an additional 252 shares during the quarter. Bessemer Group Inc.’s holdings in Standex International were worth $1,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Standex International by 20.3% in the second quarter. Nisa Investment Advisors LLC now owns 651 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 110 shares during the period. State of New Jersey Common Pension Fund D raised its position in Standex International by 24.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 12,786 shares of the industrial products company’s stock worth $2,001,000 after acquiring an additional 2,484 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Standex International by 2.5% during the 2nd quarter. Yousif Capital Management LLC now owns 4,527 shares of the industrial products company’s stock valued at $708,000 after purchasing an additional 109 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Standex International by 636.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after purchasing an additional 207,961 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Standex International by 9.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,719 shares of the industrial products company’s stock worth $269,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, CEO David A. Dunbar sold 18,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the completion of the sale, the chief executive officer owned 103,973 shares in the company, valued at approximately $24,433,655. This represents a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director directly owned 8,439 shares in the company, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,992 shares of company stock valued at $10,401,179 over the last three months. Insiders own 2.52% of the company’s stock.

Standex International Trading Down 2.5%

Standex International stock opened at $238.23 on Friday. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $247.16. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.88 billion, a P/E ratio of 51.34, a P/E/G ratio of 3.07 and a beta of 1.15. The company’s fifty day simple moving average is $216.58 and its 200-day simple moving average is $180.11.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm had revenue of $217.43 million during the quarter, compared to analysts’ expectations of $215.96 million. During the same quarter last year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. Standex International has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. This is a boost from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 7th. Standex International’s dividend payout ratio is presently 27.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Roth Capital restated a “buy” rating and issued a $205.00 target price (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Barrington Research boosted their target price on shares of Standex International from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday. Finally, DA Davidson lifted their price target on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.00.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.