Leeward Investments LLC MA Has $22.91 Million Stock Position in Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA lowered its stake in Standex International Co. (NYSE:SXI) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,518 shares of the industrial products company’s stock after selling 9,096 shares during the quarter. Standex International comprises approximately 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 20th largest holding. Leeward Investments LLC MA owned 1.01% of Standex International worth $22,910,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Walleye Capital LLC acquired a new position in shares of Standex International in the 3rd quarter valued at $250,000. State Street Corp lifted its stake in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after purchasing an additional 3,844 shares during the period. Quest Partners LLC acquired a new position in shares of Standex International in the 3rd quarter valued at $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Standex International by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock valued at $6,043,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. DA Davidson upped their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Standex International Price Performance

SXI stock opened at $189.46 on Friday. The stock has a 50-day moving average price of $189.28 and a two-hundred day moving average price of $186.40. The stock has a market cap of $2.25 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 1 year low of $154.45 and a 1 year high of $212.65.

Standex International (NYSE:SXI) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Equities analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

About Standex International

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.