Leeward Investments LLC MA Sells 2,103 Shares of Standex International Corporation $SXI

Leeward Investments LLC MA lessened its holdings in Standex International Corporation (NYSE:SXI) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,543 shares of the industrial products company’s stock after selling 2,103 shares during the period. Standex International comprises 1.3% of Leeward Investments LLC MA’s holdings, making the stock its 8th biggest holding. Leeward Investments LLC MA owned approximately 0.88% of Standex International worth $27,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in 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 purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after buying an additional 308 shares in 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% during 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 worth $6,474,000 after buying an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after acquiring an additional 33,016 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $315.61 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. Standex International Corporation has a 52 week low of $152.64 and a 52 week high of $321.22. The firm has a market cap of $3.82 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 4.15 and a beta of 1.08. The firm’s fifty day moving average is $277.46 and its 200-day moving average is $257.96.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The company had revenue of $224.59 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 business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 earnings per share. Sell-side analysts predict that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s payout ratio is 16.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Barrington Research reissued an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.67.

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.