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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of Standex International stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $355.51, for a total transaction of $17,775.50. Following the completion of the transaction, the director directly owned 12,416 shares of the company’s stock, valued at $4,414,012.16. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Trading Up 0.0%

NYSE:SXI opened at $327.95 on Friday. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 3.66 and a beta of 1.03. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average price is $287.95 and its 200-day moving average price is $263.40. Standex International Corporation has a 52 week low of $152.64 and a 52 week high of $363.89.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.59 million during the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.Standex International’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, equities research analysts forecast that Standex International Corporation will post 8.58 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, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s dividend payout ratio (DPR) is presently 16.57%.

Analyst Ratings Changes

Several research firms recently commented on SXI. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. DA Davidson restated a “buy” rating and set a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Standex International currently has a consensus rating of “Moderate Buy” and an average target price of $289.67.

Hedge Funds Weigh In On Standex International

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in shares of Standex International by 2,963.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,757 shares of the industrial products company’s stock worth $703,000 after buying an additional 2,667 shares during the last quarter. Bank of America Corp DE increased its position in Standex International by 8.8% during the first quarter. Bank of America Corp DE now owns 35,630 shares of the industrial products company’s stock valued at $9,081,000 after acquiring an additional 2,867 shares during the last quarter. Amundi increased its position in Standex International by 88.8% during the first quarter. Amundi now owns 3,585 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 1,686 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Standex International by 26.5% in the first quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after acquiring an additional 3,059 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Standex International by 5.5% in the first quarter. Quantinno Capital Management LP now owns 7,602 shares of the industrial products company’s stock valued at $1,938,000 after acquiring an additional 394 shares during the period. 90.35% of the stock is owned by 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.