Copeland Capital Management LLC Lowers Position in Standex International Corporation $SXI

Copeland Capital Management LLC lessened its stake in shares of Standex International Corporation (NYSE:SXI) by 26.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 310,387 shares of the industrial products company’s stock after selling 109,777 shares during the period. Standex International accounts for about 1.4% of Copeland Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Copeland Capital Management LLC owned approximately 2.57% of Standex International worth $65,771,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SXI. Voya Investment Management LLC grew its stake in shares of Standex International by 17.9% during the 3rd quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock valued at $34,994,000 after acquiring an additional 25,028 shares during the period. Corient Private Wealth LLC purchased a new position in Standex International during the second quarter valued at approximately $344,000. Osaic Holdings Inc. boosted its position in shares of Standex International by 30.4% in the second quarter. Osaic Holdings Inc. now owns 5,823 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 1,359 shares during the period. Squarepoint Ops LLC bought a new position in shares of Standex International in the second quarter worth approximately $3,292,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Standex International by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 8,877 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

SXI has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Barrington Research restated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research report on Thursday, November 20th. Roth Capital increased their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, DA Davidson reissued a “buy” rating and issued a $272.00 price target on shares of Standex International in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.00.

Standex International Price Performance

NYSE:SXI opened at $227.18 on Tuesday. The business’s 50-day moving average is $235.00 and its 200 day moving average is $205.82. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $252.78. The company has a market capitalization of $2.75 billion, a P/E ratio of 52.11 and a beta of 1.10. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $217.43 million during the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. On average, equities research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 7th. 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%. Standex International’s payout ratio is currently 31.19%.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total value of $419,508.76. Following the completion of the transaction, the chief financial officer owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. This trade represents a 16.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of Standex International stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total value of $4,230,000.00. Following the completion of the transaction, the chief executive officer owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. This represents a 14.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,473 shares of company stock worth $5,024,509 over the last three months. 2.52% of the stock is owned by company insiders.

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.