Standex International (NYSE:SXI) Insider Vineet Kshirsagar Sells 400 Shares

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Standex International Trading Up 0.8%

NYSE SXI opened at $257.68 on Friday. 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 cap of $3.12 billion, a price-to-earnings ratio of 57.78 and a beta of 1.13. Standex International Corporation has a one year low of $128.85 and a one year high of $270.87. The firm has a 50 day simple moving average of $241.16 and a 200-day simple moving average of $227.73.

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

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s payout ratio is currently 30.49%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Standex International by 110.7% in the first 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 last quarter. AQR Capital Management LLC grew its holdings in Standex International by 13.7% during 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. increased its position in shares of Standex International by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after buying an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Standex International by 3.9% during 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 purchasing an additional 1,509 shares during the period. Finally, Jane Street Group LLC lifted its stake in 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 own 90.35% of the company’s stock.

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.