SG Americas Securities LLC Purchases 3,321 Shares of Standex International Corporation $SXI

SG Americas Securities LLC boosted its position in Standex International Corporation (NYSE:SXI) by 186.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,106 shares of the industrial products company’s stock after acquiring an additional 3,321 shares during the period. SG Americas Securities LLC’s holdings in Standex International were worth $1,109,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Standex International during the third quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in Standex International during the third quarter worth about $28,000. AlphaQuest LLC boosted its holdings in Standex International by 72.8% during the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after buying an additional 83 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after buying an additional 196 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Insiders Place Their Bets

In other Standex International news, Director Andy L. Nemeth purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were bought at an average price of $245.00 per share, with a total value of $490,000.00. Following the completion of the transaction, the director directly owned 8,639 shares in the company, valued at $2,116,555. This trade represents a 30.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total value of $104,040.00. Following the sale, the insider directly owned 4,647 shares in the company, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,063 shares of company stock worth $4,114,860. 2.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of recent analyst reports. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Roth Mkm raised their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, DA Davidson raised their target price on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Trading Up 7.8%

NYSE SXI opened at $273.54 on Thursday. The firm has a market cap of $3.32 billion, a P/E ratio of 61.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The stock’s 50-day moving average is $255.61 and its 200-day moving average is $240.23. Standex International Corporation has a one year low of $128.85 and a one year high of $275.46.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. The company 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%.Standex International’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was 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 currently 30.49%.

Standex International 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.