Standex International (NYSE:SXI) CEO Sells $3,839,100.00 in Stock

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the completion of the transaction, the chief executive officer directly owned 88,973 shares in the company, valued at approximately $22,771,749.62. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Standex International Price Performance

SXI traded down $4.12 during trading on Wednesday, hitting $253.91. 66,177 shares of the company traded hands, compared to its average volume of 139,432. The stock’s 50-day simple moving average is $240.39 and its two-hundred day simple moving average is $226.86. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The company has a market cap of $3.08 billion, a PE ratio of 57.11 and a beta of 1.13. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

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

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be 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 of this dividend is Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 30.49%.

Hedge Funds Weigh In On Standex International

Large investors have recently bought and sold shares of the business. Financial Consulate Inc. purchased a new position in Standex International during the third quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its holdings in shares of Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring 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 acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International in the third quarter valued at about $28,000. Finally, Simplex Trading LLC acquired a new stake in Standex International during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. DA Davidson upped their target price on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Roth Mkm boosted their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $281.33.

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.