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 stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $249.86, for a total transaction of $12,493.00. Following the transaction, the director owned 13,179 shares in the company, valued at approximately $3,292,904.94. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Standex International Stock Performance

NYSE SXI traded up $11.47 on Friday, reaching $251.18. 25,105 shares of the stock were exchanged, compared to its average volume of 136,555. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. Standex International Corporation has a one year low of $128.85 and a one year high of $263.00. The company’s 50-day simple moving average is $237.38 and its two-hundred day simple moving average is $220.75. The firm has a market capitalization of $3.04 billion, a PE ratio of 56.19 and a beta of 1.13.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 EPS. Analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday. DA Davidson raised their target price on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Roth Mkm increased their price target on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SXI. Northwestern Mutual Wealth Management Co. increased its stake in shares of Standex International by 9,509.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 7,132 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Standex International by 538.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 46,838 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 95 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Standex International by 7.9% in the fourth quarter. Benjamin Edwards Inc. now owns 3,906 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 285 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Company Profile

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.