Leeward Investments LLC MA Sells 4,100 Shares of Standex International Corporation $SXI

Leeward Investments LLC MA reduced its stake in shares of Standex International Corporation (NYSE:SXI) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,069 shares of the industrial products company’s stock after selling 4,100 shares during the quarter. Standex International comprises about 0.9% of Leeward Investments LLC MA’s portfolio, making the stock its 28th biggest position. Leeward Investments LLC MA’s holdings in Standex International were worth $17,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SXI. Whittier Trust Co. lifted its holdings in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after buying an additional 69 shares during the period. Geneos Wealth Management Inc. lifted its holdings 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 valued at $50,000 after buying an additional 196 shares during the period. TD Private Client Wealth LLC lifted its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after buying an additional 76 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Standex International by 74.5% in the first quarter. Smartleaf Asset Management LLC now owns 890 shares of the industrial products company’s stock valued at $143,000 after buying an additional 380 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Standex International in the first quarter valued at approximately $144,000. 90.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SXI has been the topic of several analyst reports. Roth Capital reiterated 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. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. DA Davidson increased their target price on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Friday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.50.

Insiders Place Their Bets

In related news, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the transaction, the director owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This trade represents a 26.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the completion of the transaction, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,992 shares of company stock valued at $10,401,179. 2.52% of the stock is owned by insiders.

Standex International Trading Up 1.0%

Shares of NYSE:SXI opened at $244.68 on Friday. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $246.12. 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 company’s fifty day simple moving average is $213.46 and its 200 day simple moving average is $177.41. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 52.73, a PEG ratio of 3.12 and a beta of 1.15.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. As a group, research 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. Investors of record on Friday, November 7th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 7th. Standex International’s payout ratio is 27.59%.

About Standex International

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.