Standex International Corporation $SXI Stock: Sterling Capital Management LLC Trims Position

Sterling Capital Management LLC lessened its holdings in Standex International Corporation (NYSE:SXI) by 93.0% during the 3rd quarter, according to the company in its most recent 13F filing 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 large investors have also modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Standex International by 26.5% during the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock worth $3,722,000 after purchasing an additional 3,059 shares during the last quarter. Jupiter Topco LLC acquired a new position in Standex International in the second quarter valued at about $2,033,000. Castleark Management LLC acquired a new position in Standex International in the second quarter valued at about $5,175,000. The Manufacturers Life Insurance Company purchased a new position in Standex International during the second quarter worth about $2,136,000. Finally, Bank of America Corp DE purchased a new position in Standex International during the second quarter worth about $13,066,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Transactions at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

Key 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.

Analysts Set New Price Targets

SXI has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. JPMorgan Chase & Co. assumed coverage on shares of Standex International in a report on Wednesday, October 14th. They issued a “neutral” rating and a $320.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.00.

Standex International Trading Up 0.1%

Shares of NYSE SXI opened at $243.82 on Monday. Standex International Corporation has a twelve month low of $215.62 and a twelve month high of $363.89. 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 fifty day simple moving average of $273.65 and a 200-day simple moving average of $277.60. The stock has a market capitalization of $2.99 billion, a PE ratio of 25.94, a PEG ratio of 2.71 and a beta of 1.07.

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

Standex International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.6%. This is a boost from Standex International’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. Standex International’s payout ratio is currently 14.47%.

Standex International Company 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.