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

Standex International Corporation (NYSE:SXIGet Free Report) Director Thomas Chorman sold 50 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $305.56, for a total value of $15,278.00. Following the sale, the director directly owned 12,366 shares in the company, valued at $3,778,554.96. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Up 1.1%

SXI stock opened at $326.27 on Thursday. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.95 billion, a PE ratio of 37.63, a PEG ratio of 3.59 and a beta of 1.06. Standex International Corporation has a twelve month low of $185.15 and a twelve month high of $363.89. The stock has a 50-day simple moving average of $308.68 and a two-hundred day simple moving average of $275.85.

Standex International (NYSE:SXIGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The firm had revenue of $228.25 million for the quarter, compared to analysts’ expectations of $226.47 million. During the same period in the prior year, the business posted $2.28 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Standex International Corporation will post 9.99 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.34 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s dividend payout ratio is currently 15.69%.

Analyst Ratings Changes

SXI has been the subject of a number of recent analyst reports. DA Davidson set a $350.00 price target on shares of Standex International in a research report on Tuesday. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.67.

View Our Latest Stock Analysis on Standex International

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Standex International by 13.1% in the second quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock worth $108,000 after buying an additional 35 shares during the period. Corient Private Wealth LLC boosted its position in Standex International by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 50 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 54 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

About Standex International

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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.

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Insider Buying and Selling by Quarter for Standex International (NYSE:SXI)

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