Standex International Corporation (NYSE:SXI – Get 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:SXI – Get 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
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
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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