Standex International (NYSE:SXI) CEO David Dunbar Sells 13,000 Shares

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 13,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at $22,094,467.86. This represents a 14.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Price Performance

Shares of NYSE SXI opened at $285.33 on Wednesday. The firm has a market cap of $3.46 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $315.14 and a two-hundred day moving average price of $284.87. Standex International Corporation has a fifty-two week low of $197.00 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. The firm had revenue of $228.25 million for 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 firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. Sell-side analysts expect that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is currently 15.69%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings cut shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. DA Davidson restated a “buy” rating and issued a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th. Finally, Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.67.

Institutional Investors Weigh In On Standex International

A number of institutional investors have recently added to or reduced their stakes in SXI. Cornerstone Planning Group LLC lifted its holdings in shares of Standex International by 144.7% in 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 during the period. UMB Bank n.a. boosted its position in shares of Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Standex International during the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new stake in Standex International during the first quarter worth approximately $29,000. Finally, Simplex Trading LLC acquired a new position in Standex International in the fourth quarter worth approximately $35,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.