Standex International Corporation (NYSE:SXI – Get Free Report) Director Thomas Chorman sold 50 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.82, for a total transaction of $13,641.00. Following the transaction, the director owned 12,466 shares in the company, valued at $3,400,974.12. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Standex International Stock Up 2.3%
Standex International stock opened at $288.86 on Wednesday. The company has a market capitalization of $3.50 billion, a P/E ratio of 35.18, a P/E/G ratio of 3.66 and a beta of 1.08. The firm’s fifty day simple moving average is $263.38 and its 200-day simple moving average is $250.44. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. Standex International Corporation has a 1-year low of $148.24 and a 1-year high of $292.98.
Standex International (NYSE:SXI – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. Sell-side analysts forecast that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.
Standex International Announces Dividend
Institutional Trading of Standex International
Several hedge funds and other institutional investors have recently bought and sold shares of SXI. Wasatch Advisors LP boosted its position in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after acquiring an additional 520,506 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Standex International during the 3rd quarter valued at about $19,763,000. Kennedy Capital Management LLC acquired a new stake in shares of Standex International during the 3rd quarter valued at about $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Standex International by 23.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after acquiring an additional 74,599 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Standex International from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.
Read Our Latest Research Report on Standex International
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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