Standex International Corporation $SXI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Standex International Corporation (NYSE:SXI) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,476 shares of the industrial products company’s stock after selling 3,099 shares during the period. Envestnet Asset Management Inc. owned approximately 0.85% of Standex International worth $21,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in Standex International by 6.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 44 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of 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 worth $378,000 after buying an additional 66 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Standex International by 3.5% in the second quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock worth $312,000 after buying an additional 68 shares during the last quarter. AlphaQuest LLC grew its holdings in Standex International by 72.8% during the third 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. Finally, PNC Financial Services Group Inc. raised its position in Standex International by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 84 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Standex International Stock Performance

Shares of NYSE:SXI opened at $259.84 on Friday. 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 Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The firm has a market capitalization of $3.15 billion, a PE ratio of 58.26 and a beta of 1.13. The business’s 50 day moving average price is $239.32 and its 200-day moving average price is $224.81.

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

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 30.49%.

Insider Transactions at Standex International

In other Standex International news, Director Andy L. Nemeth purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the transaction, the director owned 8,639 shares of the company’s stock, valued at $2,116,555. The trade was a 30.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the sale, the director owned 13,229 shares of the company’s stock, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.52% of the company’s stock.

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.