David Dunbar Sells 13,000 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 13,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the completion of the transaction, the chief executive officer owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This trade represents a 14.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Down 1.5%

Shares of Standex International stock traded down $4.33 during trading hours on Tuesday, reaching $285.33. 139,098 shares of the company were exchanged, compared to its average volume of 112,941. The firm has a market cap of $3.46 billion, a PE ratio of 32.91, a PEG ratio of 3.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a 1 year low of $197.00 and a 1 year high of $363.89. The stock’s fifty day moving average is $315.14 and its 200 day moving average is $284.87.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. Standex International had a return on equity of 14.47% and a net margin of 11.73%.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 previous year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.34 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s payout ratio is currently 15.69%.

Analysts Set New Price Targets

SXI has been the topic of a number of recent analyst reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.67.

Institutional Trading of Standex International

A number of large investors have recently made changes to their positions in SXI. Thrivent Financial for Lutherans boosted its holdings in shares of Standex International by 538.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after acquiring an additional 46,838 shares during the period. California State Teachers Retirement System increased its holdings in shares of Standex International by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after acquiring an additional 3,059 shares during the period. UBS Group AG raised its position in Standex International by 66.8% in the 4th quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after purchasing an additional 36,634 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Standex International by 9,509.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock valued at $1,566,000 after purchasing an additional 7,132 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Standex International by 4.5% during the 1st quarter. Sei Investments Co. now owns 105,064 shares of the industrial products company’s stock worth $26,774,000 after purchasing an additional 4,520 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

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.