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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.82, for a total value of $13,641.00. Following the sale, the director directly owned 12,466 shares of the company’s stock, valued at $3,400,974.12. The trade was a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Up 1.8%

SXI opened at $297.53 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 1-year low of $148.47 and a 1-year high of $298.47. The business has a 50 day moving average of $265.62 and a 200-day moving average of $251.70. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 3.79 and a beta of 1.08.

Standex International (NYSE:SXI) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. As a group, sell-side analysts anticipate that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th 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, May 8th. Standex International’s dividend payout ratio (DPR) is 16.57%.

Hedge Funds Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in 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. UMB Bank n.a. boosted its holdings in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Standex International during the third quarter worth about $28,000. Cedar Mountain Advisors LLC bought a new position in Standex International during the first quarter worth about $29,000. Finally, Simplex Trading LLC bought a new position in Standex International during the fourth quarter worth about $35,000. Institutional investors own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.

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.