State of New Jersey Common Pension Fund D Cuts Holdings in Standex International Corporation $SXI

State of New Jersey Common Pension Fund D reduced its holdings in Standex International Corporation (NYSE:SXI) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,566 shares of the industrial products company’s stock after selling 2,220 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Standex International worth $2,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Standex International by 6.7% in the third quarter. Assetmark Inc. now owns 11,926 shares of the industrial products company’s stock valued at $2,527,000 after acquiring an additional 752 shares during the period. Public Sector Pension Investment Board boosted its holdings in Standex International by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 47,072 shares of the industrial products company’s stock worth $9,975,000 after buying an additional 5,917 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Standex International by 1.5% during the third quarter. Illinois Municipal Retirement Fund now owns 6,388 shares of the industrial products company’s stock worth $1,354,000 after buying an additional 93 shares during the period. Johnson Investment Counsel Inc. purchased a new position in Standex International in the third quarter valued at about $228,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Standex International by 16.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,010 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $257.68 on Monday. The company has a market cap of $3.12 billion, a P/E ratio of 57.78 and a beta of 1.13. The business has a fifty day simple moving average of $241.16 and a 200-day simple moving average of $228.21. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $270.87. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $219.22 million. During the same period last year, the company earned $1.91 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

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

Insider Buying and Selling at Standex International

In related news, CEO David A. Dunbar sold 15,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer directly owned 88,973 shares of the company’s stock, valued at approximately $22,771,749.62. This trade represents a 14.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the sale, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This trade represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,450 shares of company stock worth $3,955,633 in the last quarter. 2.52% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.