Standex International (NYSE:SXI) Director Sells $133,380.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 513 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the sale, the director directly owned 12,666 shares of the company’s stock, valued at $3,293,160. The trade was a 3.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Standex International Trading Up 2.3%

NYSE SXI opened at $264.96 on Thursday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 59.41 and a beta of 1.09. 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 Corporation has a 12 month low of $128.85 and a 12 month high of $270.87. The company’s fifty day moving average price is $246.04 and its two-hundred day moving average price is $231.35.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping 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 company had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. During the same quarter in the previous year, the firm earned $1.91 EPS. The company’s revenue was up 16.6% on a year-over-year basis. As a group, research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 30.49%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Standex International

A number of institutional investors have recently modified their holdings of SXI. Financial Consulate Inc. acquired a new stake in Standex International during the 3rd quarter worth about $25,000. Cornerstone Planning Group LLC grew its position in shares of Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares during the period. UMB Bank n.a. increased its stake in shares of Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International during the 3rd quarter valued at $28,000. Finally, Simplex Trading LLC acquired a new position in shares of Standex International during the 4th quarter valued at $35,000. 90.35% of the stock is owned by institutional investors.

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.