Insider Selling: Standex International (NYSE:SXI) Director Sells $13,641.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.82, for a total value of $13,641.00. Following the completion of the transaction, the director directly owned 12,466 shares of the company’s stock, valued at approximately $3,400,974.12. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Performance

Shares of SXI stock opened at $289.69 on Friday. The stock has a market cap of $3.51 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.86 and a beta of 1.08. The business has a 50-day simple moving average of $266.22 and a 200-day simple moving average of $251.97. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 52-week low of $151.61 and a 52-week high of $298.47.

Standex International (NYSE:SXI) last released its quarterly earnings results 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 business had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. On average, equities analysts expect that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors 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 yield of 0.5%. Standex International’s dividend payout ratio is presently 16.57%.

Hedge Funds Weigh In On Standex International

A number of hedge funds have recently made changes to their positions in SXI. Wasatch Advisors LP raised its holdings in shares of Standex International by 61.3% during the fourth 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Standex International by 73.1% during 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 during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Standex International during the third quarter valued at approximately $19,763,000. Kennedy Capital Management LLC acquired a new position in shares of Standex International during the third quarter valued at approximately $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Standex International by 23.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after acquiring an additional 74,599 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $289.67.

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.