Allspring Global Investments Holdings LLC Has $51.78 Million Stock Position in Standex International Corporation $SXI

Allspring Global Investments Holdings LLC boosted its position in Standex International Corporation (NYSE:SXI) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,244 shares of the industrial products company’s stock after buying an additional 4,621 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Standex International were worth $51,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Standex International by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 68 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Standex International by 2.2% during the second quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company’s stock valued at $555,000 after buying an additional 76 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Standex International by 5.4% in the second quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 77 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Standex International by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the industrial products company’s stock worth $488,000 after buying an additional 84 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Standex International by 4.1% during the first quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company’s stock worth $401,000 after acquiring an additional 98 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SXI has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and set a $272.00 price target on shares of Standex International in a research note on Monday, November 24th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Roth Capital raised their price target on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Finally, Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Standex International Stock Down 2.3%

Standex International stock opened at $217.05 on Friday. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $252.78. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $233.90 and a two-hundred day simple moving average of $206.46. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 49.78 and a beta of 1.12.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The company had revenue of $217.43 million during the quarter, compared to analysts’ expectations of $215.96 million. During the same quarter in the prior year, the business earned $1.84 earnings per share. Standex International’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities analysts predict that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 7th. Standex International’s dividend payout ratio is currently 31.19%.

Insiders Place Their Bets

In other Standex International news, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total transaction of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares of the company’s stock, valued at $1,177,818.39. This represents a 11.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David A. Dunbar sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total value of $4,230,000.00. Following the transaction, the chief executive officer owned 103,973 shares of the company’s stock, valued at $24,433,655. This represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,473 shares of company stock worth $5,024,509. Company insiders own 2.52% of the company’s stock.

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.