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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $284.89, for a total value of $14,244.50. Following the completion of the transaction, the director directly owned 12,316 shares in the company, valued at $3,508,705.24. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Performance

Shares of NYSE:SXI opened at $274.54 on Friday. The business has a 50-day moving average of $311.82 and a two-hundred day moving average of $285.08. The firm has a market capitalization of $3.33 billion, a PE ratio of 31.67, a P/E/G ratio of 3.08 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. Standex International Corporation has a 12 month low of $197.65 and a 12 month high of $363.89.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The business 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 company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS. As a group, research analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International’s dividend payout ratio is presently 15.69%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $350.00 price target on shares of Standex International in a research report on Thursday, August 20th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Standex International currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Corient Private Wealth LP acquired a new stake in Standex International during the 2nd quarter valued at $768,000. California State Teachers Retirement System lifted its holdings in Standex International by 33,144.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,855,013 shares of the industrial products company’s stock worth $1,736,492,000 after buying an additional 4,840,409 shares in the last quarter. HB Wealth Management LLC purchased a new position in Standex International in the 2nd quarter valued at about $200,000. Nykredit A S purchased a new position in Standex International in the 2nd quarter valued at about $204,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Standex International by 42.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,804 shares of the industrial products company’s stock valued at $9,945,000 after acquiring an additional 8,270 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.