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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $355.51, for a total value of $17,775.50. Following the sale, the director owned 12,416 shares of the company’s stock, valued at approximately $4,414,012.16. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Down 5.9%

Shares of NYSE:SXI opened at $327.95 on Friday. Standex International Corporation has a 1 year low of $152.64 and a 1 year high of $363.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The business’s 50-day moving average is $286.93 and its 200-day moving average is $262.94. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 3.89 and a beta of 1.03.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.59 million for 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 company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Equities research analysts predict that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Standex International by 110.7% during the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after purchasing an additional 23,643 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Standex International by 13.7% in the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after acquiring an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after purchasing an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.