Inceptionr LLC Takes $492,000 Position in Standex International Corporation $SXI

Inceptionr LLC bought a new stake in Standex International Corporation (NYSE:SXI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,321 shares of the industrial products company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advantage Alpha Capital Partners LP raised its position in Standex International by 27.1% in 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 acquiring an additional 5,863 shares in the last quarter. Voya Investment Management LLC increased 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 valued at $34,994,000 after purchasing an additional 25,028 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Standex International in the second quarter valued at about $857,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after purchasing an additional 4,621 shares during the period. Finally, Synovus Financial Corp purchased a new stake in Standex International during the third quarter worth about $1,177,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the transaction, the chief executive officer owned 88,973 shares of the company’s stock, valued at $22,771,749.62. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas E. Chorman sold 513 shares of Standex International 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 owned 12,666 shares in the company, valued at $3,293,160. The trade was a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 16,013 shares of company stock worth $4,101,963. Company insiders own 2.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Standex International Trading Up 0.6%

Shares of Standex International stock opened at $262.24 on Thursday. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The business has a 50 day moving average price of $249.36 and a 200 day moving average price of $233.24. The company has a market capitalization of $3.18 billion, a P/E ratio of 58.80 and a beta of 1.09.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $1.91 earnings per share. Standex International’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

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

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.