Anchor Capital Management Company LLC Has $20.85 Million Stake in Standex International Corporation $SXI

Anchor Capital Management Company LLC lifted its position in shares of Standex International Corporation (NYSE:SXI) by 43.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,394 shares of the industrial products company’s stock after purchasing an additional 29,998 shares during the quarter. Standex International accounts for 17.9% of Anchor Capital Management Company LLC’s portfolio, making the stock its 2nd largest position. Anchor Capital Management Company LLC owned approximately 0.81% of Standex International worth $20,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Consulate Inc. bought a new stake in shares of Standex International in the third quarter valued at about $25,000. AlphaQuest LLC boosted its position in shares of 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 buying an additional 83 shares during the period. Huntington National Bank grew its holdings in shares of Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after buying an additional 196 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in Standex International by 500.0% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock valued at $53,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Ratings Changes

SXI has been the subject of a number of recent research reports. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research report on Monday, March 9th. Roth Mkm increased their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, DA Davidson raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Stock Down 1.0%

SXI stock opened at $254.87 on Friday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 57.15 and a beta of 1.09. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $270.87. The business has a 50 day moving average price of $250.78 and a two-hundred day moving average price of $233.89. 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 announced its quarterly earnings data 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. The company had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 EPS. Analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Insider Activity

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the sale, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy L. Nemeth acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was purchased at an average cost of $245.00 per share, with a total value of $490,000.00. Following the transaction, the director owned 8,639 shares in the company, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 16,013 shares of company stock worth $4,101,963. 2.52% of the stock is owned by insiders.

Standex International 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.