Max Arets Acquires 45 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) VP Max Arets bought 45 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average price of $273.96 per share, for a total transaction of $12,328.20. Following the acquisition, the vice president directly owned 1,641 shares of the company’s stock, valued at $449,568.36. The trade was a 2.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Standex International Price Performance

Shares of SXI opened at $266.76 on Friday. The firm has a market cap of $3.28 billion, a PE ratio of 30.77, a P/E/G ratio of 3.01 and a beta of 1.04. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $305.66 and a two-hundred day simple moving average of $285.65. Standex International Corporation has a 1-year low of $199.80 and a 1-year high of $363.89.

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

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given 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 dividend payout ratio (DPR) is presently 15.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $350.00 price target on shares of Standex International in a research report on Thursday, August 20th. Weiss Ratings raised shares of Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $298.67.

Hedge Funds Weigh In On Standex International

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Standex International by 13.1% during the second quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock valued at $108,000 after buying an additional 35 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Standex International by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 50 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. boosted its holdings in Standex International by 132.7% during 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 during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 95 shares during the period. 90.35% of the stock is currently 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.