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 dated Tuesday, September 1st. The shares were sold at an average price of $284.89, for a total transaction of $14,244.50. Following the completion of the transaction, the director directly owned 12,316 shares of the company’s stock, valued at $3,508,705.24. The trade was a 0.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Trading Down 1.0%

Shares of Standex International stock traded down $2.67 during mid-day trading on Thursday, hitting $275.26. 21,095 shares of the stock were exchanged, compared to its average volume of 173,287. Standex International Corporation has a twelve month low of $197.65 and a twelve month high of $363.89. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 3.18 and a beta of 1.04. The company has a 50-day simple moving average of $314.35 and a 200 day simple moving average of $285.03. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. During the same period in the previous year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts forecast that Standex International Corporation will post 9.96 EPS 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 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s payout ratio is currently 15.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its holdings in Standex International by 538.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after purchasing an additional 46,838 shares during the last quarter. California State Teachers Retirement System increased its holdings in Standex International by 26.5% during the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock worth $3,722,000 after purchasing an additional 3,059 shares during the last quarter. UBS Group AG raised its position in shares of Standex International by 66.8% in the 4th quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after purchasing an additional 36,634 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Standex International by 9,509.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock valued at $1,566,000 after buying an additional 7,132 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Standex International by 4.5% during the 1st quarter. Sei Investments Co. now owns 105,064 shares of the industrial products company’s stock valued at $26,774,000 after buying an additional 4,520 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SXI. Weiss Ratings downgraded shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson restated a “buy” rating and issued a $350.00 target price on shares of Standex International in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Standex International currently has an average rating of “Moderate Buy” and a consensus target price of $298.67.

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.