Leeward Investments LLC MA Sells 9,096 Shares of Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA reduced its position in Standex International Co. (NYSE:SXI) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 122,518 shares of the industrial products company’s stock after selling 9,096 shares during the period. Standex International comprises 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 20th largest position. Leeward Investments LLC MA’s holdings in Standex International were worth $22,910,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in Standex International during the third quarter worth approximately $44,000. Versant Capital Management Inc lifted its position in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares during the last quarter. KBC Group NV lifted its position in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the last quarter. US Bancorp DE lifted its position in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 82 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Standex International by 18,180.0% during the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 909 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Benchmark raised their price objective on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday, February 3rd. Finally, DA Davidson raised their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Standex International Stock Up 1.4 %

Shares of SXI opened at $189.46 on Friday. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.65. The firm’s 50 day moving average is $189.28 and its 200-day moving average is $186.40. The stock has a market capitalization of $2.25 billion, a PE ratio of 41.37, a P/E/G 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 (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities research analysts forecast that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

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

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.

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.