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

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $284.89, for a total transaction of $14,244.50. Following the transaction, the director directly owned 12,316 shares of the company’s stock, valued at approximately $3,508,705.24. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Down 1.0%

Shares of SXI traded down $2.67 during midday trading on Thursday, hitting $275.26. The company had a trading volume of 21,095 shares, compared to its average volume of 173,287. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.18 and a beta of 1.04. The company’s 50 day moving average price is $314.35 and its 200 day moving average price is $285.03. 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 52 week low of $197.65 and a 52 week high of $363.89.

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

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SXI shares. DA Davidson reiterated a “buy” rating and issued a $350.00 price target on shares of Standex International in a report on Thursday, August 20th. Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.67.

Hedge Funds Weigh In On Standex International

Several large investors have recently bought and sold shares of SXI. Cedar Mountain Advisors LLC acquired a new stake in shares of Standex International in the 1st quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new stake in Standex International during the second quarter worth approximately $42,000. UMB Bank n.a. lifted its position in Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Allworth Financial LP bought a new position in Standex International during the 2nd quarter valued at $46,000. Finally, State of Wyoming acquired a new position in shares of Standex International during the 2nd quarter valued at $46,000. Institutional investors and hedge funds 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.