Insider Selling: Standex International (NYSE:SXI) Director Sells $223,310.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 1,000 shares of Standex International stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the sale, the director directly owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Standex International Trading Up 0.5%

SXI opened at $243.61 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average is $226.88 and its two-hundred day moving average is $192.33. The company has a market capitalization of $2.95 billion, a P/E ratio of 52.50, a PEG ratio of 3.07 and a beta of 1.17. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $247.16.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $217.43 million for the quarter, compared to the consensus estimate of $215.96 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 EPS. Analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio (DPR) is presently 31.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SXI. Roth Capital upped their price target on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen raised Standex International from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Thursday, November 20th. DA Davidson reaffirmed a “buy” rating and set a $272.00 price objective on shares of Standex International in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $264.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Consulate Inc. purchased a new stake in Standex International in the third quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Standex International in the 3rd quarter valued at approximately $28,000. AlphaQuest LLC boosted its stake in Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Huntington National Bank grew its position in Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 82 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Standex International by 500.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 210 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.