Two Sigma Securities LLC Takes Position in Standex International Corporation $SXI

Two Sigma Securities LLC purchased a new position in shares of Standex International Corporation (NYSE:SXI) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,285 shares of the industrial products company’s stock, valued at approximately $817,000.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Standex International by 538.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after buying an additional 46,838 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Standex International by 26.5% in the first quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after acquiring an additional 3,059 shares in the last quarter. UBS Group AG increased its stake in shares of Standex International by 66.8% during the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock worth $19,869,000 after acquiring an additional 36,634 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Standex International by 9,509.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after acquiring an additional 7,132 shares during the period. Finally, Sei Investments Co. raised its holdings in Standex International by 4.5% during the first quarter. Sei Investments Co. now owns 105,064 shares of the industrial products company’s stock worth $26,774,000 after purchasing an additional 4,520 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SXI has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Standex International has an average rating of “Moderate Buy” and an average price target of $298.67.

Standex International Price Performance

Shares of NYSE SXI opened at $285.33 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a one year low of $197.00 and a one year high of $363.89. The firm has a market capitalization of $3.46 billion, a P/E ratio of 32.91, a PEG ratio of 3.23 and a beta of 1.05. The company’s fifty day moving average is $315.14 and its two-hundred day moving average is $284.87.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. During the same quarter last year, the firm posted $2.28 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Insider Transactions at Standex International

In other Standex International news, CEO David A. Dunbar sold 13,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,100 shares of company stock valued at $3,813,714 over the last three months. Company insiders own 2.52% of the company’s stock.

About Standex International

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.