Leeward Investments LLC MA Cuts Stock Position in Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA decreased its holdings in Standex International Co. (NYSE:SXI) by 4.1% in the 1st quarter, HoldingsChannel reports. The firm owned 125,034 shares of the industrial products company’s stock after selling 5,384 shares during the quarter. Standex International makes up 1.0% of Leeward Investments LLC MA’s holdings, making the stock its 22nd biggest holding. Leeward Investments LLC MA’s holdings in Standex International were worth $22,784,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Stifel Financial Corp increased its holdings in Standex International by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 18,801 shares of the industrial products company’s stock worth $2,739,000 after purchasing an additional 555 shares during the period. Northern Trust Corp grew its holdings in Standex International by 1.9% during the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company’s stock worth $36,683,000 after acquiring an additional 4,742 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Standex International in the 3rd quarter valued at approximately $1,690,000. Qube Research & Technologies Ltd raised its holdings in shares of Standex International by 267.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock valued at $3,948,000 after purchasing an additional 19,724 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Standex International by 73.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,438 shares of the industrial products company’s stock worth $647,000 after purchasing an additional 1,882 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling

In other Standex International news, Director Charles H. Cannon, Jr. sold 2,460 shares of Standex International stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.02, for a total value of $437,929.20. Following the transaction, the director now directly owns 862 shares in the company, valued at $153,453.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SXI shares. DA Davidson raised their price target on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of Standex International in a research report on Friday, May 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Standex International in a report on Tuesday, May 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $191.00.

Standex International Stock Performance

Shares of SXI stock traded up $1.33 during mid-day trading on Thursday, hitting $157.37. 23,713 shares of the stock were exchanged, compared to its average volume of 53,612. The stock’s fifty day simple moving average is $167.23 and its two-hundred day simple moving average is $164.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $184.18. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.20 and a beta of 1.04.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The firm had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. During the same quarter last year, the business posted $1.65 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that Standex International Co. will post 7.1 EPS for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.76%. Standex International’s dividend payout ratio (DPR) is 19.42%.

Standex International Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.