Standex International (NYSE:SXI) Trading Down 9.3% on Disappointing Earnings

Standex International Corporation (NYSE:SXI) shares fell 9.3% on Friday following a weaker than expected earnings announcement. The stock traded as low as $249.13 and last traded at $247.6270. 54,467 shares were traded during mid-day trading, a decline of 68% from the average session volume of 171,762 shares. The stock had previously closed at $273.00.

The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same period last year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SXI. Roth Mkm raised their target price on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Monday, April 20th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson raised their target price on shares of Standex International from $298.00 to $323.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Insider Buying and Selling

In related news, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 88,973 shares in the company, valued at $22,771,749.62. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the sale, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,063 shares of company stock valued at $4,114,860 in the last three months. Corporate insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

A number of institutional investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC bought a new stake in Standex International in the first quarter worth $29,000. Kestra Advisory Services LLC lifted its position in shares of Standex International by 10.5% during the first quarter. Kestra Advisory Services LLC now owns 1,303 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 124 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of Standex International by 2.3% during the first quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after purchasing an additional 54 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Standex International by 37.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,050 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 556 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Standex International during the first quarter worth $1,376,000. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Performance

The firm has a market capitalization of $3.03 billion, a P/E ratio of 54.49, a P/E/G ratio of 3.23 and a beta of 1.11. The firm has a 50-day moving average price of $261.63 and a two-hundred day moving average price of $246.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10.

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.