Crawford Investment Counsel Inc. Has $13.39 Million Stock Holdings in Standex International Corporation $SXI

Crawford Investment Counsel Inc. lowered its position in shares of Standex International Corporation (NYSE:SXI) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,178 shares of the industrial products company’s stock after selling 3,495 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.52% of Standex International worth $13,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after acquiring an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Standex International by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after acquiring an additional 33,016 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SXI has been the subject of a number of recent analyst reports. Roth Mkm raised their price target on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Barrington Research reissued an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Finally, DA Davidson upped their price target on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $281.33.

Standex International Stock Down 1.0%

Shares of SXI opened at $254.87 on Friday. The business’s fifty day moving average price is $250.78 and its two-hundred day moving average price is $233.89. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 57.15 and a beta of 1.09. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $270.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.34 per share. The ex-dividend date was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling at Standex International

In other news, 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. The trade was a 3.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David A. Dunbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the completion of the transaction, the chief executive officer owned 88,973 shares in the company, valued at $22,771,749.62. This represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,013 shares of company stock worth $4,101,963 in the last 90 days. Corporate insiders own 2.52% of the company’s stock.

About Standex International

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.