Thomas Chorman Sells 513 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 513 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the sale, the director directly owned 12,666 shares in the company, valued at $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Standex International Stock Up 1.2%

NYSE:SXI traded up $3.21 on Monday, reaching $265.21. 98,953 shares of the stock traded hands, compared to its average volume of 142,955. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 59.26 and a beta of 1.09. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $270.87. The company’s fifty day simple moving average is $243.94 and its 200 day simple moving average is $230.28.

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

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s payout ratio is currently 30.49%.

Institutional Trading of Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its position in Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after acquiring an additional 520,506 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Standex International by 73.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Standex International during the third quarter worth $19,763,000. Kennedy Capital Management LLC purchased a new stake in shares of Standex International during the 3rd quarter valued at $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Standex International by 23.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after acquiring an additional 74,599 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson boosted their price objective on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Roth Mkm raised their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Barrington Research reiterated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, February 2nd. 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, Standex International has an average rating of “Moderate Buy” and a consensus price target of $281.33.

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.