Standex International (NYSE:SXI) Director Purchases $490,000.00 in Stock

Standex International Corporation (NYSE:SXI) Director Andy Nemeth purchased 2,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average price of $245.00 per share, with a total value of $490,000.00. Following the purchase, the director owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. The trade was a 30.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Standex International Stock Up 6.3%

Standex International stock opened at $254.76 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The company’s 50-day moving average is $237.57 and its 200-day moving average is $221.45. The firm has a market capitalization of $3.09 billion, a PE ratio of 57.12 and a beta of 1.13. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $263.00.

Standex International (NYSE:SXI) last announced 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 firm had revenue of $221.32 million for the quarter, compared to the consensus estimate 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 was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. Sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

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

Analysts Set New Price Targets

SXI has been the topic of several research reports. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson lifted 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. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Roth Mkm upped their target price on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

Institutional Trading of Standex International

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of Standex International by 635.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,148 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 992 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Standex International by 9,509.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 7,132 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Standex International by 538.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after buying an additional 46,838 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake 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 worth $601,000 after acquiring an additional 95 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in Standex International by 7.9% in the 4th quarter. Benjamin Edwards Inc. now owns 3,906 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

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.