Standex International (NYSE:SXI) Insider Sells $104,040.00 in Stock

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Standex International Stock Performance

NYSE:SXI traded up $2.92 during midday trading on Friday, reaching $258.53. The stock had a trading volume of 9,026 shares, compared to its average volume of 135,189. The stock has a market capitalization of $3.13 billion, a P/E ratio of 58.16 and a beta of 1.13. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $270.87. 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 firm’s fifty day simple moving average is $240.67 and its 200-day simple moving average is $227.25.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The company had revenue of $221.32 million during the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 earnings per share. On average, equities research analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Analyst Upgrades and Downgrades

SXI has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, DA Davidson boosted their price objective 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $281.33.

Institutional Investors Weigh In On Standex International

Several institutional investors and hedge funds have recently bought and sold shares of SXI. Nisa Investment Advisors LLC increased its position in shares of Standex International by 6.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 44 shares in the last quarter. Corient Private Wealth LLC grew its stake in Standex International by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after buying an additional 50 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock worth $378,000 after buying an additional 66 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Standex International by 3.5% in the second quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 68 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

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.