Two Sigma Securities LLC Takes Position in Standex International Corporation $SXI

Two Sigma Securities LLC bought a new position in shares of Standex International Corporation (NYSE:SXI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,285 shares of the industrial products company’s stock, valued at approximately $817,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its stake 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 valued at $25,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. raised its holdings in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International during the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Standex International during the 1st quarter worth approximately $29,000. Finally, Simplex Trading LLC acquired a new position in shares of Standex International in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analysts Set New Price Targets

SXI has been the topic of a number of recent analyst reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, DA Davidson restated a “buy” rating and issued a $350.00 price objective on shares of Standex International in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and a consensus target price of $298.67.

Insider Transactions at Standex International

In other Standex International news, CEO David A. Dunbar sold 13,000 shares of Standex International stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the transaction, the chief executive officer directly owned 75,973 shares in the company, valued at approximately $22,094,467.86. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 13,100 shares of company stock worth $3,813,714. Company insiders own 2.52% of the company’s stock.

Standex International Price Performance

Shares of NYSE SXI opened at $285.33 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. Standex International Corporation has a twelve month low of $197.00 and a twelve month high of $363.89. The stock has a 50 day moving average of $315.14 and a two-hundred day moving average of $284.87. The stock has a market cap of $3.46 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.23 and a beta of 1.05.

Standex International (NYSE:SXI) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. On average, research analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio is currently 15.69%.

Standex International Company 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.