Leeward Investments LLC MA Sells 2,103 Shares of Standex International Corporation $SXI

Leeward Investments LLC MA reduced its position in Standex International Corporation (NYSE:SXI) by 1.9% during the first quarter, HoldingsChannel reports. The firm owned 106,543 shares of the industrial products company’s stock after selling 2,103 shares during the period. Standex International comprises approximately 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 8th largest holding. Leeward Investments LLC MA’s holdings in Standex International were worth $27,154,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SXI. Corient Private Wealth LLC raised its stake in Standex International by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after buying an additional 50 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. UMB Bank n.a. boosted its position in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Huntington National Bank grew its holdings 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 period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 95 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SXI. DA Davidson reissued a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Trading Down 1.6%

SXI opened at $315.61 on Wednesday. Standex International Corporation has a 1-year low of $152.64 and a 1-year high of $321.22. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The company has a market cap of $3.82 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 4.15 and a beta of 1.08. The company has a fifty day moving average price of $277.46 and a two-hundred day moving average price of $257.96.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). The company had revenue of $224.59 million for the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. Standex International’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 EPS. Analysts predict that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, May 8th. Standex International’s payout ratio is presently 16.57%.

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.