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 dated Wednesday, April 1st. The shares were sold at an average price of $257.94, for a total value of $12,897.00. Following the completion of the transaction, the director owned 12,566 shares in the company, valued at approximately $3,241,274.04. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Trading Up 0.1%

Shares of NYSE SXI traded up $0.31 during mid-day trading on Friday, hitting $258.01. The company’s stock had a trading volume of 216,939 shares, compared to its average volume of 182,011. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 57.85 and a beta of 1.11. Standex International Corporation has a one year low of $128.85 and a one year high of $270.87. The company’s fifty day simple moving average is $254.39 and its 200-day simple moving average is $238.60. 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 (NYSE:SXI) last issued its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. On average, sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP increased its holdings in shares of Standex International by 61.3% in the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Standex International by 23.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after purchasing an additional 74,599 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Standex International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock valued at $61,195,000 after purchasing an additional 798 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after purchasing an additional 4,621 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Standex International by 73.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after purchasing an additional 94,415 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SXI has been the subject of several recent research reports. DA Davidson boosted their price target on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm raised their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $281.33.

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.