Standex International Corporation $SXI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in Standex International Corporation (NYSE:SXI) by 93.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 402 shares of the industrial products company’s stock after selling 5,304 shares during the period. Sterling Capital Management LLC’s holdings in Standex International were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Standex International during the second quarter worth about $640,120,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Standex International during the 2nd quarter valued at about $149,891,000. Bank of New York Mellon Corp acquired a new stake in Standex International in the 2nd quarter valued at about $65,337,000. Bank of America Corp DE acquired a new stake in Standex International in the 2nd quarter valued at about $13,066,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Standex International in the 2nd quarter valued at about $11,862,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 75,973 shares in the company, valued at $22,094,467.86. This trade represents a 14.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SXI has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th. Weiss Ratings lowered Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. initiated coverage on Standex International in a report on Wednesday, October 14th. They issued a “neutral” rating and a $320.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $304.00.

More Standex International News

Here are the key news stories impacting Standex International this week:

• Positive Sentiment: Standex reported record quarterly sales of approximately $232.6 million, up 7% year over year and 12.4% organically. Electronics was particularly strong, with organic growth of 29.5%. Standex Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Adjusted earnings reached $2.41 per share, exceeding the $2.34 analyst consensus, while adjusted operating margin expanded to 20.2% from the prior year. Record order intake of roughly $273 million and a 1.17 book-to-bill ratio indicate solid demand and future revenue visibility. Standex Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting more than $100 million of organic sales growth and high-teens adjusted EPS growth. The company also authorized a new $100 million share-repurchase program, supported by its balance sheet and liquidity. Standex Announces $100 Million Equity Buyback
• Neutral Sentiment: The earnings-call transcript and presentation provide additional management and analyst discussion of the quarter, demand trends, margins and the updated outlook. Standex Q1 2027 Earnings Call Transcript
• Negative Sentiment: Despite the earnings beat, SXI trades well below its 52-week high and below its 50-day and 200-day moving averages. With a P/E near 28, investors may be demanding stronger forward execution, contributing to weakness after the results.

Standex International Trading Up 0.1%

Shares of SXI stock opened at $243.82 on Monday. The company’s 50-day moving average price is $273.65 and its 200-day moving average price is $277.60. The company has a current ratio of 3.19, a quick ratio of 2.30 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.71 and a beta of 1.07. Standex International Corporation has a twelve month low of $215.62 and a twelve month high of $363.89.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, October 30th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Standex International had a net margin of 12.54% and a return on equity of 14.84%. The firm had revenue of $232.57 million during the quarter, compared to analyst estimates of $229.65 million. During the same quarter in the prior year, the firm posted $1.99 earnings per share. Standex International’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Standex International Corporation will post 9.98 earnings per share for the current year.

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.36 dividend. This is a positive change from Standex International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.44 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio is currently 14.47%.

Standex International Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.