Vineet Kshirsagar Sells 400 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 400 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the transaction, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Standex International Price Performance

SXI stock opened at $257.68 on Friday. The business has a 50 day moving average price of $241.16 and a 200 day moving average price of $227.97. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 57.78 and a beta of 1.13. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $270.87.

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

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, February 13th. Standex International’s dividend payout ratio is currently 30.49%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Standex International

Several large investors have recently modified their holdings of SXI. Royal Bank of Canada grew its position in Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after buying an additional 23,643 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Standex International by 13.7% in the 1st 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 holdings 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 valued at $1,118,000 after acquiring an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Standex International by 3.9% during 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 raised its holdings in Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after purchasing an additional 33,016 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

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.