Standex International (NYSE:SXI) Director Thomas Chorman Sells 50 Shares

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $284.89, for a total transaction of $14,244.50. Following the transaction, the director directly owned 12,316 shares in the company, valued at $3,508,705.24. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Price Performance

Shares of NYSE:SXI opened at $276.77 on Friday. The company has a 50-day simple moving average of $313.14 and a 200-day simple moving average of $285.15. Standex International Corporation has a one year low of $197.65 and a one year high of $363.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.10 and a beta of 1.04.

Standex International (NYSE:SXI) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The company had revenue of $228.25 million for the quarter, compared to the consensus estimate of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. On average, analysts predict that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International’s payout ratio is currently 15.69%.

Institutional Trading of Standex International

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP purchased a new position in shares of Standex International in the second quarter valued at $768,000. California State Teachers Retirement System boosted its position in shares of Standex International by 33,144.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,855,013 shares of the industrial products company’s stock worth $1,736,492,000 after buying an additional 4,840,409 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Standex International in the 2nd quarter worth about $200,000. Nykredit A S acquired a new stake in Standex International in the 2nd quarter valued at about $204,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in Standex International by 42.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,804 shares of the industrial products company’s stock valued at $9,945,000 after acquiring an additional 8,270 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SXI. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings lowered Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.67.

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.