Insider Selling: Standex International (NYSE:SXI) Director Sells $12,493.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $249.86, for a total transaction of $12,493.00. Following the completion of the sale, the director directly owned 13,179 shares of the company’s stock, valued at $3,292,904.94. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Standex International Stock Up 6.3%

SXI opened at $254.76 on Friday. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $263.00. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $237.57 and its 200-day moving average price is $221.89. The company has a market cap of $3.09 billion, a P/E ratio of 57.12 and a beta of 1.13.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The business had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same period last year, the company earned $1.91 EPS. Standex International’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts expect that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid 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 is Friday, February 13th. Standex International’s payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Roth Mkm raised their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, February 2nd. DA Davidson increased their price objective on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Standex International has an average rating of “Moderate Buy” and an average price target of $281.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Consulate Inc. purchased a new position in shares of Standex International in the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Standex International during the third quarter valued at $28,000. AlphaQuest LLC boosted its holdings in shares of Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after buying an additional 83 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after buying an additional 82 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.