SG Americas Securities LLC Has $1.11 Million Stock Holdings in Standex International Corporation $SXI

SG Americas Securities LLC boosted its position in Standex International Corporation (NYSE:SXI) by 186.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,106 shares of the industrial products company’s stock after purchasing an additional 3,321 shares during the quarter. SG Americas Securities LLC’s holdings in Standex International were worth $1,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in Standex International in the 3rd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Standex International in the 3rd quarter valued at approximately $28,000. AlphaQuest LLC raised its position in 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 buying an additional 83 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after buying an additional 196 shares during the last quarter. Finally, Huntington National Bank raised its position in Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 7.8%

SXI stock opened at $273.54 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $255.61 and a two-hundred day moving average price of $240.23. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 61.33 and a beta of 1.11. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $275.46.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million during 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 business’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. Analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.34 dividend. 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 currently 30.49%.

Insider Buying and Selling

In related news, Director Andy L. Nemeth purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares in the company, valued at $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 can be accessed through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,063 shares of company stock valued at $4,114,860 in the last ninety days. 2.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SXI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. DA Davidson lifted their target price on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Roth Mkm lifted their target price on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Finally, Barrington Research restated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $281.33.

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.