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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $355.51, for a total value of $17,775.50. Following the completion of the transaction, the director owned 12,416 shares of the company’s stock, valued at $4,414,012.16. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Trading Down 3.1%

Standex International stock traded down $10.88 during midday trading on Thursday, reaching $337.58. The stock had a trading volume of 58,196 shares, compared to its average volume of 184,399. The firm’s fifty day simple moving average is $285.89 and its two-hundred day simple moving average is $262.27. Standex International Corporation has a twelve month low of $152.64 and a twelve month high of $363.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 4.63 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.59 million for 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 firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. Equities analysts anticipate that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s dividend payout ratio is currently 16.57%.

Institutional Trading of Standex International

A number of institutional investors and hedge funds have recently made changes to their positions in SXI. Cornerstone Planning Group LLC increased its holdings in shares of Standex International by 144.7% during the 4th 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. lifted its holdings in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Standex International in the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in Standex International during the first quarter worth approximately $29,000. Finally, Simplex Trading LLC bought a new stake in Standex International during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SXI shares. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. DA Davidson reiterated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.