Standex International (NYSE:SXI) VP Max Arets Buys 45 Shares

Standex International Corporation (NYSE:SXI) VP Max Arets purchased 45 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average price of $273.96 per share, for a total transaction of $12,328.20. Following the acquisition, the vice president owned 1,641 shares of the company’s stock, valued at approximately $449,568.36. The trade was a 2.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Standex International Trading Down 0.7%

NYSE:SXI opened at $269.83 on Thursday. The company’s 50 day moving average is $306.89 and its 200-day moving average is $285.59. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. Standex International Corporation has a 12 month low of $198.74 and a 12 month high of $363.89. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 3.03 and a beta of 1.04.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. During the same period in the prior year, the firm earned $2.28 EPS. Standex International’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend 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

Several equities research analysts have recently issued reports on SXI shares. Weiss Ratings upgraded shares of Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. DA Davidson restated a “buy” rating and set a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.67.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in Standex International in the second quarter worth about $1,518,000. Nykredit A S acquired a new stake in Standex International during the second quarter valued at approximately $204,000. Corient Private Wealth LP bought a new stake in shares of Standex International in the 2nd quarter valued at approximately $768,000. California State Teachers Retirement System raised its holdings in shares of Standex International by 33,144.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,855,013 shares of the industrial products company’s stock worth $1,736,492,000 after buying an additional 4,840,409 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Standex International in the 2nd quarter worth approximately $200,000. 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.