Bessemer Group Inc. Trims Position in Standex International Corporation $SXI

Bessemer Group Inc. lowered its holdings in Standex International Corporation (NYSE:SXI) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,453 shares of the industrial products company’s stock after selling 2,045 shares during the period. Bessemer Group Inc. owned 0.09% of Standex International worth $2,214,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SXI. Bryn Mawr Trust Advisors LLC boosted its stake in Standex International by 14.2% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 1,518 shares of the industrial products company’s stock worth $322,000 after buying an additional 189 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 83 shares during the period. Arizona State Retirement System lifted its holdings in shares of Standex International by 2.9% during the 3rd quarter. Arizona State Retirement System now owns 3,572 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 99 shares during the period. Truist Financial Corp boosted its position in shares of Standex International by 3.9% in the third quarter. Truist Financial Corp now owns 5,947 shares of the industrial products company’s stock worth $1,260,000 after acquiring an additional 225 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Standex International by 3.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 66 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Trading Up 6.3%

Shares of SXI opened at $254.76 on Monday. The stock’s 50-day moving average is $237.57 and its two-hundred day moving average is $222.32. The stock has a market cap of $3.09 billion, a PE ratio of 57.12 and a beta of 1.13. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $263.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 earnings per share. Equities analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

Insider Buying and Selling at Standex International

In other news, Director Andy L. Nemeth acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average cost of $245.00 per share, with a total value of $490,000.00. Following the transaction, the director directly owned 8,639 shares in the company, valued at approximately $2,116,555. This represents a 30.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director directly owned 13,229 shares in the company, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, February 2nd. DA Davidson boosted their price target on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Roth Mkm raised their price objective on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

Standex International Company 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.