Leeward Investments LLC MA Has $18.91 Million Position in Standex International Corporation (NYSE:SXI)

Leeward Investments LLC MA lowered its stake in Standex International Corporation (NYSE:SXI - Free Report) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,169 shares of the industrial products company's stock after selling 5,349 shares during the period. Standex International makes up about 1.0% of Leeward Investments LLC MA's investment portfolio, making the stock its 24th largest holding. Leeward Investments LLC MA owned approximately 0.98% of Standex International worth $18,910,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of Standex International by 1.6% in the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock valued at $10,361,000 after buying an additional 1,003 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Standex International by 6.0% during the 1st quarter. Diversified Trust Co now owns 6,222 shares of the industrial products company's stock valued at $1,004,000 after acquiring an additional 350 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Standex International by 5.2% during the 1st quarter. Bessemer Group Inc. now owns 12,246 shares of the industrial products company's stock valued at $1,977,000 after acquiring an additional 602 shares in the last quarter. apricus wealth LLC grew its holdings in shares of Standex International by 41.0% during the 1st quarter. apricus wealth LLC now owns 2,251 shares of the industrial products company's stock valued at $363,000 after acquiring an additional 654 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Standex International by 25.2% in the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the sale, the director directly owned 5,259 shares in the company, valued at $821,087.67. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Standex International Trading Down 3.0%

SXI stock traded down $5.06 during midday trading on Monday, reaching $163.54. The company's stock had a trading volume of 69,804 shares, compared to its average volume of 63,868. The business's 50-day simple moving average is $154.39 and its 200-day simple moving average is $167.46. The stock has a market cap of $1.97 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.66. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. As a group, sell-side analysts expect that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. Standex International's payout ratio is 25.30%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. DA Davidson dropped their price target on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $223.33.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.