Insider Selling: Standex International (NYSE:SXI) Director Sells $14,244.50 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $284.89, for a total value of $14,244.50. Following the completion of the transaction, the director directly owned 12,316 shares of the company’s stock, valued at $3,508,705.24. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Performance

Shares of SXI stock opened at $274.54 on Friday. The stock has a fifty day moving average price of $311.82 and a 200 day moving average price of $285.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The stock has a market cap of $3.33 billion, a PE ratio of 31.67, a P/E/G ratio of 3.08 and a beta of 1.04. Standex International Corporation has a 1 year low of $197.65 and a 1 year high of $363.89.

Standex International (NYSE:SXI) last posted its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The company had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.Standex International’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 earnings per share. Sell-side analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in shares of Standex International by 538.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after buying an additional 46,838 shares during the period. California State Teachers Retirement System grew its stake in Standex International by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock worth $3,722,000 after acquiring an additional 3,059 shares during the period. UBS Group AG grew its stake in Standex International by 66.8% in the 4th quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock worth $19,869,000 after acquiring an additional 36,634 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Standex International by 9,509.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock valued at $1,566,000 after acquiring an additional 7,132 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Standex International during the 2nd quarter worth $2,033,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXI has been the topic of several recent research reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. DA Davidson reissued a “buy” rating and set a $350.00 price objective on shares of Standex International in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.67.

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.