Standex International (NYSE:SXI) Insider Vineet Kshirsagar Sells 400 Shares of Stock

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Standex International Price Performance

SXI traded up $2.92 during trading on Friday, reaching $258.53. The stock had a trading volume of 9,026 shares, compared to its average volume of 135,189. The stock has a 50 day moving average of $240.67 and a two-hundred day moving average of $227.25. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 58.16 and a beta of 1.13. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $270.87.

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

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International’s dividend payout ratio is currently 30.49%.

Institutional Investors Weigh In On Standex International

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of Standex International by 61.3% during the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Standex International by 73.1% in the 4th 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 in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Standex International in the 3rd quarter worth approximately $19,763,000. Kennedy Capital Management LLC bought a new stake in Standex International during the third quarter worth approximately $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in 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 worth $85,352,000 after purchasing an additional 74,599 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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