B. Metzler seel. Sohn & Co. AG Has $4.89 Million Position in Standex International Corporation $SXI

Key Points

• B. Metzler reduced its Standex International stake by 30.3% in the second quarter, leaving it with 13,669 shares worth approximately $4.89 million. Institutional investors collectively own 90.35% of SXI.
• Standex beat quarterly earnings expectations, reporting $2.45 in EPS versus the $2.35 consensus and revenue of $228.25 million. Revenue increased 2.8% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $298.67 target price, although CEO David Dunbar sold 13,000 shares under a pre-arranged trading plan.

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Standex International Corporation (NYSE:SXI - Free Report) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,669 shares of the industrial products company's stock after selling 5,938 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.11% of Standex International worth $4,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock valued at $28,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Standex International during the third quarter worth $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Standex International in the 1st quarter valued at $29,000. Simplex Trading LLC acquired a new stake in shares of Standex International in the 4th quarter valued at $35,000. Finally, State of Wyoming bought a new position in shares of Standex International in the 1st quarter valued at $37,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on SXI shares. Zacks Research upgraded shares of Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. DA Davidson reaffirmed a "buy" rating and set a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th. Finally, Weiss Ratings cut 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 given a Hold rating to the stock. According to data from MarketBeat.com, Standex International currently has a consensus rating of "Moderate Buy" and a consensus target price of $298.67.

Standex International Price Performance

SXI stock opened at $276.77 on Friday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.10 and a beta of 1.04. 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 company's fifty day simple moving average is $313.14 and its 200 day simple moving average is $285.15. Standex International Corporation has a 12-month low of $197.65 and a 12-month high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The company 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%.The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 EPS. On average, analysts expect that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.34 dividend. 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%.

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.

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