ProShare Advisors LLC Reduces Position in Standex International Corporation $SXI

ProShare Advisors LLC lowered its stake in Standex International Corporation (NYSE:SXI) by 22.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 31,998 shares of the industrial products company’s stock after selling 9,508 shares during the period. ProShare Advisors LLC’s holdings in Standex International were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SXI. Royal Bank of Canada increased its position in shares of Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after acquiring an additional 23,643 shares during the period. AQR Capital Management LLC lifted its position in Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after purchasing an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after purchasing an additional 1,509 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 33,016 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Standex International news, Director Andy L. Nemeth acquired 2,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of $245.00 per share, with a total value of $490,000.00. Following the completion of the acquisition, the director owned 8,639 shares in the company, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the completion of the sale, the director owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SXI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson raised their target price on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Trading Up 0.6%

Standex International stock opened at $262.11 on Thursday. The firm has a market cap of $3.18 billion, a PE ratio of 58.77 and a beta of 1.13. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $268.00. The stock’s 50 day simple moving average is $238.72 and its two-hundred day simple moving average is $223.93. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million during the quarter, compared to analysts’ expectations of $219.22 million. During the same period in the previous year, the business posted $1.91 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 30.49%.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.