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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $257.94, for a total value of $12,897.00. Following the completion of the sale, the director directly owned 12,566 shares of the company’s stock, valued at $3,241,274.04. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Up 0.1%

NYSE:SXI traded up $0.31 during midday trading on Friday, reaching $258.01. The company had a trading volume of 216,939 shares, compared to its average volume of 182,011. The stock’s fifty day simple moving average is $254.39 and its 200-day simple moving average is $238.60. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $270.87. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 57.85 and a beta of 1.11.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

Institutional Investors Weigh In On Standex International

Institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC raised its position in Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after purchasing an additional 25,028 shares in the last quarter. Synovus Financial Corp bought a new stake in Standex International during the 3rd quarter worth about $1,177,000. Allspring Global Investments Holdings LLC increased its position in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after acquiring an additional 4,621 shares in the last quarter. Anchor Capital Management Company LLC raised its stake in shares of Standex International by 43.9% in the third quarter. Anchor Capital Management Company LLC now owns 98,394 shares of the industrial products company’s stock worth $20,850,000 after acquiring an additional 29,998 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Standex International during the third quarter valued at approximately $19,763,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Ratings Changes

SXI has been the topic of several recent analyst reports. Roth Mkm increased their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. DA Davidson upped their price objective on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.33.

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.