5,671 Shares in Standex International Corporation $SXI Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 5,671 shares of Standex International worth approximately $2.03 million in the second quarter. Institutional investors collectively own 90.35% of the company.
• Standex reported quarterly earnings of $2.45 per share, exceeding estimates of $2.35, while revenue rose 2.8% year over year to $228.25 million.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $298.67, although CEO David Dunbar sold 13,000 shares under a pre-arranged trading plan.

Jupiter Topco LLC purchased a new position in Standex International Corporation (NYSE:SXI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,671 shares of the industrial products company's stock, valued at approximately $2,033,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Standex International during the 2nd quarter worth $640,120,000. Wasatch Advisors LP grew its holdings in shares of Standex International by 61.3% in the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Standex International during the second quarter worth $149,891,000. Bank of New York Mellon Corp purchased a new stake in shares of Standex International during the second quarter valued at $65,337,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company's stock valued at $48,580,000 after purchasing an additional 94,415 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Insider Buying and Selling at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $290.82, for a total value of $3,780,660.00. Following the transaction, the chief executive officer owned 75,973 shares in the company, valued at $22,094,467.86. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 13,150 shares of company stock valued at $3,827,958. 2.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SXI. Zacks Research upgraded Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. DA Davidson restated a "buy" rating and set a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Finally, Weiss Ratings lowered shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Standex International currently has a consensus rating of "Moderate Buy" and a consensus target price of $298.67.

Standex International Stock Performance

Shares of Standex International stock opened at $276.77 on Friday. Standex International Corporation has a 12 month low of $197.65 and a 12 month high of $363.89. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.35 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 3.10 and a beta of 1.04. The business has a fifty day simple moving average of $313.14 and a 200-day simple moving average of $285.15.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.Standex International's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 earnings per share. On average, sell-side analysts anticipate that Standex International Corporation will post 9.96 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid 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, August 7th. Standex International's payout ratio is 15.69%.

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.

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