Standex International (NYSE:SXI) Director Sells $12,950.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $259.00, for a total transaction of $12,950.00. Following the transaction, the director directly owned 12,616 shares in the company, valued at approximately $3,267,544. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Standex International Price Performance

Shares of SXI stock traded down $7.45 during trading on Tuesday, hitting $256.55. The company had a trading volume of 227,062 shares, compared to its average volume of 146,473. The stock’s 50-day moving average price is $244.71 and its 200 day moving average price is $230.70. Standex International Corporation has a one year low of $128.85 and a one year high of $270.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The firm has a market capitalization of $3.11 billion, a P/E ratio of 57.52 and a beta of 1.09.

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 analysts’ consensus estimates of $2.00 by $0.08. The company had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $1.91 earnings per share. Equities analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio is currently 30.49%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. MidFirst Bank bought a new stake in Standex International in the 4th quarter worth about $199,000. Virtu Financial LLC bought a new position in shares of Standex International in the fourth quarter valued at approximately $517,000. T. Rowe Price Investment Management Inc. increased its position in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares during the last quarter. Invesco Ltd. increased its position in shares of Standex International by 27.6% during the fourth quarter. Invesco Ltd. now owns 60,912 shares of the industrial products company’s stock valued at $13,235,000 after acquiring an additional 13,184 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 50 shares during the period. 90.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SXI. Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm raised their price objective on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. DA Davidson boosted their target price on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $281.33.

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.