Standex International (NYSE:SXI) Director Sells $15,278.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $305.56, for a total transaction of $15,278.00. Following the sale, the director owned 12,366 shares in the company, valued at $3,778,554.96. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Performance

NYSE:SXI opened at $337.63 on Friday. The firm’s fifty day simple moving average is $309.93 and its 200-day simple moving average is $276.47. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The stock has a market cap of $4.09 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.64 and a beta of 1.06. Standex International Corporation has a fifty-two week low of $185.15 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The firm had revenue of $228.25 million during the quarter, compared to analysts’ expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 earnings per share. Analysts expect that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s dividend payout ratio (DPR) is 15.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SXI shares. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. DA Davidson set a $350.00 price objective on Standex International in a report on Tuesday. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Standex International has an average rating of “Moderate Buy” and a consensus target price of $298.67.

Hedge Funds Weigh In On Standex International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its holdings in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Standex International in the second quarter valued at $65,337,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Standex International by 73.1% during 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 acquiring an additional 94,415 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of 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 valued at $85,352,000 after acquiring an additional 74,599 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Standex International by 538.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 46,838 shares in the last quarter. Institutional investors and hedge funds 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.