Insider Selling: Standex International (NYSE:SXI) CFO Sells 1,823 Shares of Stock

Standex International Corporation (NYSE:SXI) CFO Ademir Sarcevic sold 1,823 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total value of $419,508.76. Following the transaction, the chief financial officer owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Standex International Trading Up 1.4%

Shares of SXI traded up $3.20 during midday trading on Wednesday, hitting $232.23. 25,748 shares of the stock were exchanged, compared to its average volume of 97,703. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $247.16. The stock has a fifty day simple moving average of $217.92 and a 200 day simple moving average of $182.71. The firm has a market cap of $2.81 billion, a P/E ratio of 50.05, a P/E/G ratio of 3.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. Standex International has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio is 31.19%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SXI. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. DA Davidson increased their price target on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Roth Capital increased their price target on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standex International presently has an average rating of “Moderate Buy” and a consensus price target of $246.33.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in shares of Standex International during the third quarter worth about $25,000. Whittier Trust Co. lifted its position in shares of Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 69 shares during the period. AlphaQuest LLC lifted its position in shares of Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 196 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Standex International by 29.9% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.