Northwestern Mutual Wealth Management Co. Has $1.57 Million Stock Position in Standex International Corporation $SXI

Northwestern Mutual Wealth Management Co. raised its position in Standex International Corporation (NYSE:SXI) by 9,509.3% in the 4th quarter, HoldingsChannel reports. The fund owned 7,207 shares of the industrial products company’s stock after purchasing an additional 7,132 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Standex International were worth $1,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Standex International by 3.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock worth $378,000 after buying an additional 66 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares during the period. Huntington National Bank lifted its position in shares of Standex International by 52.6% during the 3rd 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 period. AlphaQuest LLC lifted its position in shares of Standex International by 72.8% during the 3rd 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 period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Standex International by 1.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 6,388 shares of the industrial products company’s stock worth $1,354,000 after buying an additional 93 shares during the period. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 2.2%

SXI stock opened at $275.48 on Thursday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 3.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The business has a fifty day moving average price of $262.02 and a 200 day moving average price of $249.55. Standex International Corporation has a fifty-two week low of $147.75 and a fifty-two week high of $284.71.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $1.95 earnings per share. Analysts expect that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 8th. Standex International’s dividend payout ratio is 16.57%.

Insider Activity

In other news, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the transaction, the director owned 12,666 shares of the company’s stock, valued at $3,293,160. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 613 shares of company stock worth $159,227 over the last quarter. Corporate insiders own 2.52% of the company’s stock.

Analyst Upgrades and Downgrades

SXI has been the subject of several analyst reports. DA Davidson restated a “buy” rating and set a $323.00 target price on shares of Standex International in a research report on Monday, May 4th. Roth Mkm raised their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, March 9th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Zacks Research cut Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Standex International has an average rating of “Moderate Buy” and an average target price of $289.67.

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.