Inceptionr LLC Acquires New Stake in Standex International Corporation $SXI

Inceptionr LLC bought a new position in shares of Standex International Corporation (NYSE:SXI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,321 shares of the industrial products company’s stock, valued at approximately $492,000.

A number of other hedge funds have also modified their holdings of the business. Wasatch Advisors LP boosted its position in Standex International by 62.4% during the second 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 last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Standex International by 2.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock worth $94,372,000 after purchasing an additional 12,544 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Standex International by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock worth $44,877,000 after purchasing an additional 7,522 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after purchasing an additional 4,621 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Standex International by 17.1% during the third quarter. Handelsbanken Fonder AB now owns 167,500 shares of the industrial products company’s stock worth $35,493,000 after buying an additional 24,500 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SXI has been the subject of a number of recent research reports. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. DA Davidson raised their price objective on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. 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 research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

Insiders Place Their Bets

In other Standex International news, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the sale, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy L. Nemeth bought 2,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was bought at an average price of $245.00 per share, with a total value of $490,000.00. Following the acquisition, the director owned 8,639 shares in the company, valued at approximately $2,116,555. This represents a 30.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 16,013 shares of company stock valued at $4,101,963. 2.52% of the stock is owned by company insiders.

Standex International Price Performance

Standex International stock opened at $262.24 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $249.36 and a 200-day simple moving average of $233.24. The stock has a market cap of $3.18 billion, a P/E ratio of 58.80 and a beta of 1.09. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $270.87.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. Equities analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s dividend payout ratio is 30.49%.

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.