Assetmark Inc. Acquires 374 Shares of Standex International Corporation $SXI

Assetmark Inc. lifted its holdings in Standex International Corporation (NYSE:SXI) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,174 shares of the industrial products company’s stock after buying an additional 374 shares during the period. Assetmark Inc.’s holdings in Standex International were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SXI. Allspring Global Investments Holdings LLC lifted its stake in shares of Standex International by 636.7% in 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. Voya Investment Management LLC lifted its stake in shares of Standex International by 1,619.8% in the 1st quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company’s stock worth $21,119,000 after purchasing an additional 123,251 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Standex International by 131.1% in the 1st quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company’s stock worth $22,528,000 after purchasing an additional 79,181 shares during the period. Anchor Capital Management Company LLC bought a new position in shares of Standex International in the 1st quarter worth approximately $9,102,000. Finally, Jane Street Group LLC lifted its stake in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after purchasing an additional 33,016 shares during the period. Institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In related news, 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $606,179.20. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 47,992 shares of company stock worth $10,401,179. Company insiders own 2.52% of the company’s stock.

Standex International Trading Down 2.2%

Standex International stock opened at $229.40 on Wednesday. The stock has a market cap of $2.77 billion, a P/E ratio of 49.44, a PEG ratio of 3.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $247.16. The firm’s 50 day moving average price is $217.92 and its 200-day moving average price is $182.71.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Standex International has set its FY 2026 guidance at EPS. On average, equities analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, November 7th. This is an increase from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is 31.19%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SXI. DA Davidson increased their price objective on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Roth Capital raised their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.33.

Standex International Profile

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.