Crawford Investment Counsel Inc. Has $13.39 Million Stake in Standex International Corporation $SXI

Crawford Investment Counsel Inc. reduced its stake in shares of Standex International Corporation (NYSE:SXI) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,178 shares of the industrial products company’s stock after selling 3,495 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Standex International were worth $13,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SXI. Financial Consulate Inc. bought a new position in Standex International during the 3rd quarter worth approximately $25,000. AlphaQuest LLC increased its stake in Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 83 shares in the last quarter. Huntington National Bank increased its stake in Standex International by 52.6% in the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 196 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in Standex International by 500.0% in the third quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 210 shares during the period. 90.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SXI. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Roth Mkm lifted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Finally, DA Davidson increased their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $281.33.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the sale, the chief executive officer directly owned 88,973 shares in the company, valued at $22,771,749.62. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,013 shares of company stock worth $4,101,963. Company insiders own 2.52% of the company’s stock.

Standex International Stock Down 1.0%

Standex International stock opened at $254.87 on Friday. The company has a 50 day moving average of $250.78 and a 200-day moving average of $233.89. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $270.87. The stock has a market capitalization of $3.09 billion, a PE ratio of 57.15 and a beta of 1.09.

Standex International (NYSE:SXI) last issued its quarterly earnings data 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 business had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share. On average, equities research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio is 30.49%.

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.