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

Leeward Investments LLC MA lessened its stake in shares of Standex International Corporation (NYSE:SXI - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,169 shares of the industrial products company's stock after selling 5,349 shares during the period. Standex International comprises 1.0% of Leeward Investments LLC MA's investment portfolio, making the stock its 24th largest holding. Leeward Investments LLC MA owned about 0.98% of Standex International worth $18,910,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

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

Standex International Stock Up 1.4%

NYSE:SXI traded up $2.39 during mid-day trading on Friday, reaching $168.60. The stock had a trading volume of 46,127 shares, compared to its average volume of 63,713. The business's 50 day moving average is $154.39 and its 200 day moving average is $167.80. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The stock has a market cap of $2.04 billion, a P/E ratio of 33.32, a PEG ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56.

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

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.76%. Standex International's dividend payout ratio is currently 25.30%.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director owned 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

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.