Leeward Investments LLC MA Lowers Stock Position in Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA cut its stake in shares of Standex International Co. (NYSE:SXI) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,034 shares of the industrial products company’s stock after selling 5,384 shares during the quarter. Standex International makes up approximately 1.0% of Leeward Investments LLC MA’s holdings, making the stock its 22nd biggest position. Leeward Investments LLC MA owned about 1.05% of Standex International worth $22,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new position in shares of Standex International in the first quarter valued at about $52,565,000. Diversified Trust Co grew its holdings in Standex International by 33.1% during the 1st quarter. Diversified Trust Co now owns 5,437 shares of the industrial products company’s stock valued at $991,000 after buying an additional 1,351 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Standex International by 322.2% during the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after buying an additional 145 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Standex International in the first quarter worth $236,000. Finally, Vanguard Group Inc. boosted its position in shares of Standex International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock worth $224,255,000 after acquiring an additional 9,166 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 0.9 %

SXI traded up $1.33 on Thursday, hitting $157.37. The company had a trading volume of 23,713 shares, compared to its average volume of 53,612. The business’s fifty day simple moving average is $167.23 and its 200 day simple moving average is $164.44. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $184.18. The company has a market cap of $1.85 billion, a PE ratio of 25.46, a PEG ratio of 2.20 and a beta of 1.04.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. The firm had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. Equities research analysts expect that Standex International Co. will post 7.1 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SXI. Barrington Research reiterated an “outperform” rating and issued a $180.00 price target on shares of Standex International in a research note on Tuesday, May 28th. DA Davidson increased their price target on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of Standex International in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $191.00.

Insider Buying and Selling

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the transaction, the director now owns 862 shares of the company’s stock, valued at $153,453.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.63% of the stock is owned by corporate insiders.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.