Copeland Capital Management LLC Sells 64,544 Shares of Standex International Corporation $SXI

Key Points

• Copeland Capital Management LLC trimmed its position in Standex by 20.8%, selling 64,544 shares and leaving it with 245,843 shares (about 2.03% of the company, valued at ~$53.4M); institutional investors own 90.35% of the stock.
• Wall Street is cautiously positive: Standex carries an average rating of "Moderate Buy" with an average target of $289.67, and several brokers recently raised targets (DA Davidson to $323, Roth MKM to $286).
• Fundamentals show momentum—Standex beat quarterly EPS estimates ($2.08 vs. $2.00) with revenue up 16.6% year‑over‑year—while insiders sold 16,063 shares (~$4.11M) in the last quarter and now own 2.52% of the stock.

Copeland Capital Management LLC lowered its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,843 shares of the industrial products company's stock after selling 64,544 shares during the quarter. Copeland Capital Management LLC owned about 2.03% of Standex International worth $53,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SXI. Wasatch Advisors LP raised its holdings in Standex International by 62.4% in the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company's stock worth $135,642,000 after acquiring an additional 332,941 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company's stock worth $51,778,000 after acquiring an additional 4,621 shares during the period. Ameriprise Financial Inc. raised its holdings in Standex International by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company's stock worth $43,992,000 after acquiring an additional 6,092 shares during the period. Raymond James Financial Inc. raised its holdings in Standex International by 23.6% in the 3rd quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company's stock worth $35,975,000 after acquiring an additional 32,423 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Standex International by 17.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 167,500 shares of the industrial products company's stock worth $35,493,000 after acquiring an additional 24,500 shares during the period. Institutional investors own 90.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SXI. Roth Mkm lifted 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. Wall Street Zen downgraded shares of Standex International from a "buy" rating to a "hold" rating in a report on Sunday, February 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Standex International in a report on Monday. DA Davidson lifted their target price on shares of Standex International from $298.00 to $323.00 and gave the stock a "buy" rating in a report on Monday. Finally, Barrington Research reiterated an "outperform" rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Standex International presently has an average rating of "Moderate Buy" and an average target price of $289.67.

Insider Activity at Standex International

In other news, Director Thomas E. Chorman sold 513 shares of the business's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the transaction, the director owned 12,666 shares in the company, valued at approximately $3,293,160. The trade was a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,063 shares of company stock worth $4,114,860. 2.52% of the stock is owned by company insiders.

Standex International Stock Performance

NYSE:SXI opened at $274.95 on Friday. The firm's 50-day moving average is $260.61 and its 200-day moving average is $244.99. Standex International Corporation has a 52-week low of $133.96 and a 52-week high of $284.71. 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 $3.33 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 3.52 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.20% and a return on equity of 14.29%. The company had revenue of $221.32 million for the quarter, compared to the consensus estimate of $219.22 million. During the same quarter in the previous year, the firm posted $1.91 EPS. The business's revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that Standex International Corporation will post 8.74 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International's payout ratio is presently 30.49%.

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.

Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standex International Corporation (NYSE:SXI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.