Barrow Hanley Mewhinney & Strauss LLC Sells 18,873 Shares of Standex International Corporation $SXI

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in Standex International Corporation (NYSE:SXI) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 318,221 shares of the industrial products company’s stock after selling 18,873 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.63% of Standex International worth $67,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SXI. Financial Consulate Inc. purchased a new stake in Standex International in the third quarter worth approximately $25,000. 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 valued at $42,000 after buying an additional 83 shares during the period. Huntington National Bank boosted its stake in shares of Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after buying an additional 196 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Standex International by 500.0% in the third quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

SXI opened at $260.46 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 58.40 and a beta of 1.09. The company has a fifty day moving average of $248.46 and a 200 day moving average of $233.04. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $270.87.

Standex International (NYSE:SXI) last issued its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $219.22 million. During the same period in the previous year, the firm posted $1.91 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid 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 was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 30.49%.

Insiders Place Their Bets

In other news, Director Thomas E. Chorman sold 513 shares of Standex International stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director directly owned 12,666 shares in the company, valued at approximately $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Dunbar sold 15,000 shares of the company’s 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 completion of the sale, the chief executive officer owned 88,973 shares of the company’s stock, valued at $22,771,749.62. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,013 shares of company stock worth $4,101,963 in the last 90 days. 2.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SXI shares. DA Davidson upped their price target on shares of 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 boosted their target price 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 reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Three investment 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, Standex International has an average rating of “Moderate Buy” and an average 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.