State of New Jersey Common Pension Fund D Cuts Position in Standex International Corporation $SXI

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Standex International Corporation (NYSE:SXI) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,566 shares of the industrial products company’s stock after selling 2,220 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Standex International were worth $2,239,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after acquiring an additional 23,643 shares during the period. AQR Capital Management LLC raised its position in Standex International by 13.7% in the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Standex International by 3.9% in the first 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 buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after buying an additional 33,016 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, February 2nd. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. DA Davidson upped their target price on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Finally, Roth Mkm upped their price objective 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Standex International currently has an average rating of “Moderate Buy” and an average price target of $281.33.

Insider Activity

In related news, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer owned 88,973 shares in the company, valued at $22,771,749.62. This trade represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,450 shares of company stock worth $3,955,633. 2.52% of the stock is currently owned by insiders.

Standex International Price Performance

Shares of SXI stock opened at $257.68 on Monday. The firm has a fifty day moving average of $241.16 and a two-hundred day moving average of $228.21. The firm has a market cap of $3.12 billion, a P/E ratio of 57.78 and a beta of 1.13. 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.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. As a group, research analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.34 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is presently 30.49%.

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.