Standex International (NYSE:SXI) Director Sells $12,493.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of Standex International stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $249.86, for a total transaction of $12,493.00. Following the completion of the sale, the director owned 13,179 shares of the company’s stock, valued at approximately $3,292,904.94. This trade represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Standex International Stock Performance

SXI traded down $0.16 during trading on Thursday, reaching $241.78. 37,793 shares of the company were exchanged, compared to its average volume of 137,178. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $237.45 and a 200 day moving average of $220.62. The stock has a market cap of $2.93 billion, a P/E ratio of 54.21 and a beta of 1.13. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $263.00.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. During the same quarter last year, the company earned $1.91 EPS. Standex International’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. Standex International’s dividend payout ratio is 30.49%.

Analyst Upgrades and Downgrades

SXI has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm increased their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson boosted their target price on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $281.33.

Institutional Trading of Standex International

Several large investors have recently made changes to their positions in SXI. Financial Consulate Inc. acquired a new stake in shares of Standex International in the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its stake in Standex International by 144.7% during the 4th 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 in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the 3rd quarter valued at $28,000. AlphaQuest LLC boosted its stake in shares of Standex International by 72.8% in the 3rd 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, Huntington National Bank boosted its holdings in shares of Standex International by 52.6% in the 3rd 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. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.