Northwestern Mutual Wealth Management Co. Has $1.57 Million Stock Position in Standex International Corporation $SXI

Key Points

• Northwestern Mutual Wealth Management dramatically increased its stake in Standex International, boosting holdings by 9,509.3% in the fourth quarter to 7,207 shares worth about $1.57 million.
• Standex International reported mixed quarterly results, with EPS of $2.21 missing estimates by a penny and revenue of $224.6 million slightly below expectations, though sales still rose 8.1% year over year.
• Analyst sentiment remains broadly positive, with four Buy ratings and an average price target of $289.67; the stock also recently paid a quarterly dividend of $0.34 per share.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 9,509.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,207 shares of the industrial products company's stock after buying an additional 7,132 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of Standex International worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SXI. Wasatch Advisors LP grew its stake in Standex International by 62.4% in the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company's stock valued at $135,642,000 after purchasing an additional 332,941 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Standex International by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company's stock valued at $43,992,000 after purchasing an additional 6,092 shares in the last quarter. Raymond James Financial Inc. grew its stake in Standex International by 23.6% in the third quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company's stock valued at $35,975,000 after purchasing an additional 32,423 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Standex International by 17.1% in the third quarter. Handelsbanken Fonder AB now owns 167,500 shares of the industrial products company's stock valued at $35,493,000 after purchasing an additional 24,500 shares in the last quarter. Finally, Anchor Capital Management Company LLC grew its stake in Standex International by 43.9% in the third quarter. Anchor Capital Management Company LLC now owns 98,394 shares of the industrial products company's stock valued at $20,850,000 after purchasing an additional 29,998 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Price Performance

Shares of NYSE:SXI opened at $275.48 on Thursday. The business has a 50 day moving average price of $262.02 and a 200 day moving average price of $249.55. Standex International Corporation has a twelve month low of $147.75 and a twelve month high of $284.71. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 3.49 and a beta of 1.09. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company's revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.95 EPS. Research analysts predict that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International's dividend payout ratio is 16.57%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SXI shares. DA Davidson restated a "buy" rating and issued a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Weiss Ratings upgraded Standex International from a "hold (c)" rating to a "buy (b)" rating in a research note on Thursday, May 7th. Roth Mkm upped 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. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Sunday, February 1st. Finally, Zacks Research downgraded Standex International from a "hold" rating to a "strong sell" rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $289.67.

Insider Buying and Selling

In other Standex International news, Director Thomas E. Chorman sold 513 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director owned 12,666 shares of the company's stock, valued at $3,293,160. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 613 shares of company stock valued at $159,227. Corporate insiders own 2.52% of the company's stock.

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.

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.