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 firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $305.56, for a total transaction of $15,278.00. Following the transaction, the director owned 12,366 shares in the company, valued at approximately $3,778,554.96. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Trading Up 3.4%

NYSE SXI opened at $322.50 on Wednesday. The firm’s fifty day moving average is $307.66 and its two-hundred day moving average is $275.32. Standex International Corporation has a one year low of $185.15 and a one year high of $363.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The firm has a market cap of $3.91 billion, a PE ratio of 37.20, a P/E/G ratio of 3.51 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 earnings per share. Analysts expect that Standex International Corporation will post 9.89 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio (DPR) is 15.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SXI. Revolve Wealth Partners LLC acquired a new stake in Standex International in the second quarter valued at $457,000. Cooper Financial Group acquired a new position in shares of Standex International during the 2nd quarter worth $235,000. GAMMA Investing LLC grew its stake in shares of Standex International by 13.1% during the 2nd quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 35 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Standex International by 5.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,004 shares of the industrial products company’s stock valued at $1,432,000 after purchasing an additional 189 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Standex International by 2,963.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,757 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 2,667 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SXI shares. Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 16th. DA Davidson set a $350.00 price objective on shares of Standex International in a research note on Tuesday. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.