Standex International Corporation $SXI Stock Position Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Standex International Corporation (NYSE:SXI) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,535 shares of the industrial products company’s stock after selling 89,709 shares during the period. Allspring Global Investments Holdings LLC owned about 1.28% of Standex International worth $34,974,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Consulate Inc. acquired a new stake in shares of Standex International during the 3rd quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International in the 3rd quarter valued at approximately $28,000. AlphaQuest LLC boosted its stake in Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Huntington National Bank raised its stake in Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Performance

SXI opened at $258.01 on Friday. The stock has a 50-day moving average of $254.39 and a 200-day moving average of $238.60. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $270.87. 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 company has a market cap of $3.13 billion, a PE ratio of 57.85 and a beta of 1.11.

Standex International (NYSE:SXI) last announced its quarterly earnings results 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. The company had revenue of $221.32 million for the quarter, compared to the consensus estimate 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 company posted $1.91 earnings per share. As a group, equities research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given 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 was Friday, February 13th. Standex International’s dividend payout ratio is currently 30.49%.

Insider Activity at Standex International

In other news, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the transaction, the insider owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David A. Dunbar sold 15,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total transaction 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 approximately $22,771,749.62. The trade was a 14.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,013 shares of company stock worth $4,101,963. Insiders own 2.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Barrington Research reaffirmed an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. DA Davidson increased their target price on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Roth Mkm raised their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.