Leeward Investments LLC MA Trims Stock Holdings in Standex International Co. (NYSE:SXI)

Leeward Investments LLC MA reduced its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,518 shares of the industrial products company's stock after selling 9,096 shares during the period. Standex International accounts for about 1.1% of Leeward Investments LLC MA's investment portfolio, making the stock its 20th largest holding. Leeward Investments LLC MA owned about 1.01% of Standex International worth $22,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Peterson Financial Group Inc. purchased a new stake in shares of Standex International in the third quarter worth $44,000. Versant Capital Management Inc boosted its stake in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after purchasing an additional 64 shares in the last quarter. KBC Group NV grew its position in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares during the last quarter. US Bancorp DE increased its stake in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Standex International by 18,180.0% in the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company's stock worth $167,000 after buying an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Standex International Stock Performance

Standex International stock traded down $1.89 during midday trading on Wednesday, reaching $186.80. 43,266 shares of the company traded hands, compared to its average volume of 56,496. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The business has a 50 day moving average of $188.74 and a two-hundred day moving average of $186.83. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, research analysts predict that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.69%. Standex International's payout ratio is 27.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DA Davidson increased their price target on shares of Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Monday, February 3rd. Finally, Benchmark upped their price target on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company's stock.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.