Leeward Investments LLC MA Has $17.69 Million Holdings in Standex International Corporation $SXI

Leeward Investments LLC MA lessened its holdings in Standex International Corporation (NYSE:SXI) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,069 shares of the industrial products company’s stock after selling 4,100 shares during the period. Standex International accounts for about 0.9% of Leeward Investments LLC MA’s investment portfolio, making the stock its 28th biggest holding. Leeward Investments LLC MA owned approximately 0.94% of Standex International worth $17,693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its position in Standex International by 24.1% during the 2nd 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 during the last quarter. Yousif Capital Management LLC lifted its position in 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 worth $708,000 after acquiring an additional 109 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Standex International by 636.7% during 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 during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Standex International by 9.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,719 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 150 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of Standex International by 21.8% during the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 541 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the sale, the director directly owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer directly owned 103,973 shares in the company, valued at $24,433,655. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,992 shares of company stock worth $10,401,179 over the last ninety days. Insiders own 2.52% of the company’s stock.

Standex International Stock Performance

NYSE SXI opened at $244.68 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 52.73, a PEG ratio of 3.12 and a beta of 1.15. The company’s 50-day simple moving average is $213.46 and its 200 day simple moving average is $177.41. Standex International Corporation has a twelve month low of $128.85 and a twelve 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.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to analysts’ expectations of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. As a group, research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.34 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 7th. Standex International’s payout ratio is currently 27.59%.

Analyst Ratings Changes

SXI has been the topic of several research reports. Roth Capital restated a “buy” rating and set a $205.00 price objective (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Friday. DA Davidson boosted their price objective 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. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $223.50.

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.