Insider Selling: Standex International (NYSE:SXI) Director Sells 1,000 Shares of Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 1,000 shares of Standex International stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the transaction, the director directly owned 13,229 shares in the company, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Standex International Price Performance

Standex International stock traded up $2.79 during mid-day trading on Monday, hitting $232.10. The company’s stock had a trading volume of 38,934 shares, compared to its average volume of 99,203. The stock has a market capitalization of $2.81 billion, a P/E ratio of 50.06, a P/E/G ratio of 3.07 and a beta of 1.17. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $247.16. The stock’s fifty day moving average price is $224.91 and its two-hundred day moving average price is $190.77. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $217.43 million during the quarter, compared to analyst estimates of $215.96 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. Research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio (DPR) is 31.19%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SXI shares. Roth Capital raised their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. DA Davidson boosted their target price on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Thursday. Finally, Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.33.

Hedge Funds Weigh In On Standex International

Several institutional investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new position in shares of Standex International during the 3rd quarter valued at approximately $272,000. CANADA LIFE ASSURANCE Co raised its stake in Standex International by 2.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 11,671 shares of the industrial products company’s stock valued at $2,425,000 after purchasing an additional 268 shares in the last quarter. Verition Fund Management LLC bought a new position in Standex International during the third quarter valued at $212,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Standex International in the 3rd quarter worth $649,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Standex International by 4,735.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,012 shares of the industrial products company’s stock worth $1,486,000 after buying an additional 6,867 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Company Profile

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.