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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $305.56, for a total value of $15,278.00. Following the completion of the transaction, the director directly owned 12,366 shares of the company’s stock, valued at approximately $3,778,554.96. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Up 4.5%

Shares of NYSE SXI traded up $13.95 during mid-day trading on Tuesday, reaching $325.91. 82,809 shares of the company were exchanged, compared to its average volume of 182,309. Standex International Corporation has a 1 year low of $185.15 and a 1 year high of $363.89. The firm has a 50-day moving average of $306.62 and a 200 day moving average of $274.79. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 3.31 and a beta of 1.06. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.45 earnings per share (EPS) 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%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 earnings per share. On average, research analysts expect that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio (DPR) is currently 15.69%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SXI. Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. DA Davidson set a $350.00 price objective on shares of Standex International in a report on Tuesday. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $298.67.

Institutional Investors Weigh In On Standex International

Large investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares during the period. UMB Bank n.a. increased its stake in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the third quarter worth $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Standex International during the first quarter worth $29,000. Finally, Simplex Trading LLC acquired a new position in Standex International during the fourth quarter valued at $35,000. 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.