Standex International Corporation $SXI Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Standex International Corporation (NYSE:SXI) by 17.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 167,500 shares of the industrial products company’s stock after acquiring an additional 24,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Standex International were worth $35,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advantage Alpha Capital Partners LP lifted its holdings in shares of Standex International by 27.1% in the second quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock valued at $4,306,000 after purchasing an additional 5,863 shares in the last quarter. 1ST Source Bank purchased a new position in Standex International during the second quarter valued at approximately $411,000. Voya Investment Management LLC raised its holdings in shares of Standex International by 17.9% during the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after acquiring an additional 25,028 shares in the last quarter. XTX Topco Ltd purchased a new position in Standex International in the second quarter valued at about $857,000. Finally, Allspring Global Investments Holdings LLC increased its position in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after purchasing an additional 4,621 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Trading Up 1.3%

Standex International stock opened at $262.27 on Friday. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $270.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The firm has a market capitalization of $3.18 billion, a PE ratio of 58.81 and a beta of 1.13. The business’s 50-day simple moving average is $243.94 and its 200-day simple moving average is $229.90.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. Equities research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid 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, February 13th. Standex International’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SXI shares. Barrington Research restated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, February 2nd. Roth Mkm increased their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note 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 Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Insider Activity at Standex International

In other news, insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David A. Dunbar sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the transaction, the chief executive officer directly owned 88,973 shares of the company’s stock, valued at $22,771,749.62. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,450 shares of company stock worth $3,955,633 in the last ninety days. 2.52% of the stock is currently owned by insiders.

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.