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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.82, for a total value of $13,641.00. Following the sale, the director owned 12,466 shares of the company’s stock, valued at approximately $3,400,974.12. This trade represents a 0.40% decrease in their position. The transaction 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 Stock Up 1.2%

Standex International stock opened at $292.18 on Thursday. The stock has a market cap of $3.54 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. Standex International Corporation has a one year low of $148.47 and a one year high of $295.89. The stock has a fifty day moving average of $264.87 and a 200 day moving average of $251.25.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 EPS. As a group, sell-side analysts predict that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio is presently 16.57%.

Analysts Set New Price Targets

A number of analysts have commented on SXI shares. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research restated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average price target of $289.67.

Hedge Funds Weigh In On Standex International

A number of hedge funds have recently made changes to their positions in SXI. Royal Bank of Canada boosted its stake in shares of Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after acquiring an additional 23,643 shares during the period. AQR Capital Management LLC boosted its stake 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 acquiring an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $1,118,000 after acquiring an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Standex International by 3.9% in 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 worth $6,474,000 after acquiring an additional 1,509 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after acquiring an additional 33,016 shares during the period. Institutional investors own 90.35% of the company’s stock.

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.