Insider Selling: Standex International (NYSE:SXI) Director Sells $17,775.50 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $355.51, for a total value of $17,775.50. Following the completion of the sale, the director owned 12,416 shares in the company, valued at $4,414,012.16. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Up 0.0%

Shares of NYSE SXI opened at $327.95 on Friday. The stock has a market cap of $3.97 billion, a PE ratio of 39.95, a PEG ratio of 3.66 and a beta of 1.03. The business has a fifty day moving average of $287.95 and a two-hundred day moving average of $263.40. Standex International Corporation has a 52-week low of $152.64 and a 52-week high of $363.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05.

Standex International (NYSE:SXI) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm had revenue of $224.59 million during the quarter, compared to analyst estimates of $225.16 million. During the same quarter in the prior year, the firm posted $1.95 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s payout ratio is 16.57%.

Analyst Upgrades and Downgrades

SXI has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Weiss Ratings downgraded Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.67.

Hedge Funds Weigh In On Standex International

A number of institutional investors have recently modified their holdings of SXI. Royal Bank of Canada grew its stake in shares of Standex International by 110.7% during 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 purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC raised its position in Standex International by 13.7% in the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after purchasing an additional 634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $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 lifted its holdings in Standex International by 3.9% during the 1st 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 buying an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Standex International by 902.1% in the 1st 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 during the last quarter. 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.