Vineet Kshirsagar Sells 650 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 650 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total value of $151,690.50. Following the completion of the transaction, the insider directly owned 5,047 shares in the company, valued at $1,177,818.39. This trade represents a 11.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Standex International Trading Up 0.7%

NYSE SXI opened at $237.22 on Friday. The stock has a market cap of $2.87 billion, a PE ratio of 51.12, a PEG ratio of 3.07 and a beta of 1.17. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $247.16. The company’s 50-day moving average price is $219.57 and its 200-day moving average price is $184.17. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $217.43 million during the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 EPS. Standex International has set its FY 2026 guidance at EPS. Equities research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, November 7th. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio (DPR) is 31.19%.

Hedge Funds Weigh In On Standex International

Several institutional investors and hedge funds have recently bought and sold shares of SXI. Wasatch Advisors LP increased its position in shares of Standex International by 62.4% during the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after purchasing an additional 332,941 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Standex International by 636.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after purchasing an additional 207,961 shares in the last quarter. Voya Investment Management LLC grew its position in Standex International by 1,619.8% during the 1st quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company’s stock worth $21,119,000 after purchasing an additional 123,251 shares during the last quarter. Raymond James Financial Inc. increased its stake in Standex International by 131.1% during the 1st quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company’s stock valued at $22,528,000 after purchasing an additional 79,181 shares in the last quarter. Finally, Anchor Capital Management Company LLC purchased a new position in shares of Standex International in the first quarter worth $9,102,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on SXI. DA Davidson upped their target price on Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Roth Capital upped their price objective on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Barrington Research reissued an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and an average target price of $246.33.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.