Champlain Investment Partners LLC Sells 114,736 Shares of Standex International Corporation $SXI

Champlain Investment Partners LLC decreased its holdings in Standex International Corporation (NYSE:SXI) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 488,359 shares of the industrial products company’s stock after selling 114,736 shares during the quarter. Champlain Investment Partners LLC’s holdings in Standex International were worth $103,483,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Advantage Alpha Capital Partners LP lifted its stake in Standex International by 27.1% during the second quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after purchasing an additional 5,863 shares during the period. 1ST Source Bank bought a new stake in shares of Standex International in the 2nd quarter valued at approximately $411,000. Voya Investment Management LLC raised its holdings in shares of Standex International by 17.9% in the 3rd quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after buying an additional 25,028 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Standex International during the 2nd quarter worth approximately $857,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after buying an additional 4,621 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Standex International

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the sale, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director directly owned 12,666 shares in the company, valued at approximately $3,293,160. This trade represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,963 shares of company stock valued at $4,089,013. 2.52% of the stock is currently owned by corporate insiders.

Standex International Trading Up 0.8%

SXI stock opened at $263.99 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $270.87. The company has a market cap of $3.20 billion, a P/E ratio of 59.19 and a beta of 1.09. The business has a fifty day moving average of $244.71 and a 200-day moving average of $230.70.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million during 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%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $1.91 earnings per share. As a group, equities research analysts expect that Standex International Corporation will post 7.9 EPS for the current 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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s payout ratio is 30.49%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. DA Davidson lifted their target price on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Roth Mkm increased their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $281.33.

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.