Envestnet Asset Management Inc. Sells 2,901 Shares of Standex International Corporation $SXI

Envestnet Asset Management Inc. lessened its holdings in shares of Standex International Corporation (NYSE:SXI) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,575 shares of the industrial products company’s stock after selling 2,901 shares during the period. Envestnet Asset Management Inc. owned 0.87% of Standex International worth $16,520,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SXI. Allspring Global Investments Holdings LLC boosted its stake in Standex International by 636.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after acquiring an additional 207,961 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Standex International by 1,619.8% in the 1st quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company’s stock worth $21,119,000 after purchasing an additional 123,251 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Standex International by 131.1% in the 1st quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company’s stock worth $22,528,000 after purchasing an additional 79,181 shares in the last quarter. Anchor Capital Management Company LLC bought a new stake in shares of Standex International in the 1st quarter worth approximately $9,102,000. Finally, Jane Street Group LLC boosted its holdings in Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after acquiring an additional 33,016 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

NYSE SXI opened at $233.96 on Thursday. The business’s fifty day moving average price is $218.38 and its 200-day moving average price is $183.06. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 50.42, a PEG ratio of 3.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $247.16.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. During the same period in the prior year, the firm earned $1.84 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. Standex International has set its FY 2026 guidance at EPS. On average, equities analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be issued a $0.34 dividend. This is a positive change from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 7th. Standex International’s dividend payout ratio is currently 31.19%.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 18,000 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total value of $4,230,000.00. Following the transaction, the chief executive officer owned 103,973 shares in the company, valued at $24,433,655. This represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total transaction of $419,508.76. Following the completion of the transaction, the chief financial officer owned 9,341 shares in the company, valued at $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,815 shares of company stock worth $10,820,688 in the last quarter. Company insiders own 2.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SXI. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. DA Davidson upped their target price on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Roth Capital upped their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.33.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.