Leeward Investments LLC MA Sells 2,471 Shares of Standex International Corporation $SXI

Leeward Investments LLC MA decreased its stake in shares of Standex International Corporation (NYSE:SXI) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,598 shares of the industrial products company’s stock after selling 2,471 shares during the period. Standex International makes up 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 14th largest holding. Leeward Investments LLC MA owned approximately 0.91% of Standex International worth $23,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Consulate Inc. bought a new stake in Standex International during the 3rd quarter valued at approximately $25,000. AlphaQuest LLC lifted 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. Geneos Wealth Management Inc. grew its stake in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 196 shares during the period. Nisa Investment Advisors LLC raised its holdings in Standex International by 20.3% in the second quarter. Nisa Investment Advisors LLC now owns 651 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 110 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Standex International by 350.0% in the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 700 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SXI. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday, February 2nd. DA Davidson boosted their target price on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Roth Mkm upped their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Stock Up 1.6%

Standex International stock opened at $259.84 on Friday. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $270.87. The stock has a fifty day simple moving average of $239.32 and a two-hundred day simple moving average of $225.22. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 58.26 and a beta of 1.13.

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

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity at Standex International

In related news, Director Andy L. Nemeth bought 2,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the transaction, the director owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director directly owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.52% of the company’s stock.

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.