Leeward Investments LLC MA Reduces Holdings in Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA lowered its holdings in Standex International Co. (NYSE:SXI) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 130,418 shares of the industrial products company’s stock after selling 1,010 shares during the quarter. Standex International makes up about 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 26th largest holding. Leeward Investments LLC MA owned approximately 1.10% of Standex International worth $20,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Copeland Capital Management LLC lifted its holdings in Standex International by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company’s stock worth $80,129,000 after buying an additional 4,880 shares during the period. Northern Trust Corp lifted its stake in shares of Standex International by 1.9% in the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company’s stock valued at $36,683,000 after purchasing an additional 4,742 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Standex International by 3.4% in the 4th quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock valued at $24,185,000 after purchasing an additional 5,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Standex International by 37.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock valued at $11,700,000 after purchasing an additional 21,831 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Standex International by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 51,824 shares of the industrial products company’s stock valued at $7,550,000 after purchasing an additional 3,560 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of research analyst reports. DA Davidson raised their target price on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. StockNews.com cut Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $195.00.

Standex International Stock Up 0.6 %

SXI stock opened at $172.70 on Friday. Standex International Co. has a twelve month low of $117.72 and a twelve month high of $184.18. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.05 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. The business has a 50 day moving average of $173.37 and a 200 day moving average of $155.54.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The firm had revenue of $178.40 million during the quarter, compared to analysts’ expectations of $180.25 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. On average, research analysts forecast that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s dividend payout ratio is currently 10.33%.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 4,901 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the transaction, the chief executive officer now owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barbara Joanne Edwards sold 275 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $159.82, for a total transaction of $43,950.50. Following the completion of the sale, the director now owns 4,536 shares in the company, valued at $724,943.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 over the last quarter. 2.28% of the stock is currently owned by insiders.

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.