Standex International Corporation $SXI Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Standex International Corporation (NYSE:SXI) by 538.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,544 shares of the industrial products company’s stock after purchasing an additional 46,838 shares during the period. Thrivent Financial for Lutherans’ holdings in Standex International were worth $12,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SXI. Cornerstone Planning Group LLC lifted its holdings in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the 3rd quarter worth about $28,000. AlphaQuest LLC boosted its position in Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 83 shares during the period. Financial Consulate Inc. grew its stake in Standex International by 84.7% during the 4th quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Performance

Standex International stock opened at $250.86 on Tuesday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 30.56, a P/E/G ratio of 3.22 and a beta of 1.09. The stock has a fifty day moving average price of $261.94 and a two-hundred day moving average price of $248.44. Standex International Corporation has a 52-week low of $144.62 and a 52-week high of $284.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23.

Standex International (NYSE:SXI) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. During the same quarter in the previous year, the company posted $1.95 EPS. Standex International’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts anticipate that Standex International Corporation will post 8.59 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Zacks Research downgraded Standex International from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. DA Davidson reiterated a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Finally, Roth Mkm increased their price objective on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Insider Buying and Selling

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total value of $104,040.00. Following the sale, the insider owned 4,647 shares of the company’s stock, valued at $1,208,684.70. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas E. Chorman sold 513 shares of Standex International 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 completion of the sale, the director owned 12,666 shares in the company, valued at $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,013 shares of company stock worth $263,267. Insiders own 2.52% of the company’s stock.

Standex International Profile

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.