Thomas Chorman Sells 513 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 513 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the sale, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Standex International Trading Down 1.2%

SXI opened at $260.77 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 58.47 and a beta of 1.09. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $270.87. The stock has a fifty day moving average price of $245.33 and a 200-day moving average price of $231.11.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The company had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 earnings per share. As a group, equities research analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Barrington Research reaffirmed an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. DA Davidson boosted their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Roth Mkm upped their price objective on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $281.33.

Institutional Trading of Standex International

Large investors have recently added to or reduced their stakes in the company. MidFirst Bank purchased a new position in shares of Standex International in the fourth quarter worth about $199,000. Virtu Financial LLC acquired a new position in Standex International in the 4th quarter worth approximately $517,000. T. Rowe Price Investment Management Inc. raised its position in Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after buying an additional 94,415 shares during the last quarter. Invesco Ltd. lifted its stake in Standex International by 27.6% during the 4th quarter. Invesco Ltd. now owns 60,912 shares of the industrial products company’s stock valued at $13,235,000 after acquiring an additional 13,184 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors 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.