Standex International Corporation $SXI Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Standex International Corporation (NYSE:SXI) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,801 shares of the industrial products company’s stock after selling 5,197 shares during the quarter. ProShare Advisors LLC’s holdings in Standex International were worth $5,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 66 shares during the period. Cornerstone Planning Group LLC grew its position in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Huntington National Bank grew its position in Standex International by 52.6% in the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares during the last quarter. AlphaQuest LLC grew its position in Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after buying an additional 83 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Standex International by 1.5% in the third quarter. Illinois Municipal Retirement Fund now owns 6,388 shares of the industrial products company’s stock worth $1,354,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,293,160. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 613 shares of company stock valued at $159,227. Company insiders own 2.52% of the company’s stock.

Standex International Trading Up 1.4%

Standex International stock opened at $255.95 on Friday. The company has a 50 day moving average price of $261.36 and a 200 day moving average price of $248.74. 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 quick ratio of 2.23 and a current ratio of 3.05. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 3.31 and a beta of 1.09.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. During the same period in the prior year, the business posted $1.95 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SXI. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Zacks Research lowered shares of Standex International from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.

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.