Key Points
- Director Thomas Chorman sold 1,000 shares on November 20 at an average price of $223.31, trimming his stake by 7.03% to 13,229 shares valued at about $2.95 million.
- Standex beat Q3 expectations, reporting $1.99 EPS (vs. $1.94 est.) and $217.4M revenue (up 27.5% YoY), and raised its quarterly dividend to $0.34 (annualized $1.36, ~0.6% yield).
- Wall Street is mostly positive — the stock has an average analyst rating of "Moderate Buy" with a consensus price target of $264 and several recent upgrades/target raises in the $260–$272 range.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director owned 13,229 shares of the company's stock, valued at approximately $2,954,167.99. This trade represents a 7.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Standex International Trading Up 2.7%
NYSE SXI opened at $235.44 on Tuesday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 50.74, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $247.16. The company's fifty day moving average price is $225.45 and its two-hundred day moving average price is $191.35.
Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company had revenue of $217.43 million for the quarter, compared to the consensus estimate of $215.96 million. During the same quarter last year, the business posted $1.84 EPS. Standex International's quarterly revenue was up 27.5% compared to the same quarter last year. As a group, research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal 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 issued a $0.34 dividend. This is a positive change from Standex International's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International's dividend payout ratio (DPR) is 31.19%.
Institutional Trading of Standex International
A number of large investors have recently added to or reduced their stakes in SXI. CIBC Bancorp USA Inc. acquired a new position in shares of Standex International in the 3rd quarter worth $272,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Standex International by 2.4% in the 3rd 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 during the period. Verition Fund Management LLC purchased a new position in Standex International in the 3rd quarter worth about $212,000. Susquehanna Fundamental Investments LLC acquired a new stake in Standex International during the 3rd quarter worth about $649,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Standex International by 4,735.9% during the third quarter. Public Employees Retirement System of Ohio now owns 7,012 shares of the industrial products company's stock valued at $1,486,000 after buying an additional 6,867 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SXI has been the subject of several recent research reports. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, November 15th. Barrington Research reaffirmed an "outperform" rating and set a $260.00 price target on shares of Standex International in a report on Thursday, November 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Standex International in a research report on Wednesday, October 8th. Roth Capital raised their target price on Standex International from $205.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, November 3rd. Finally, DA Davidson reiterated a "buy" rating and set a $272.00 price target on shares of Standex International in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $264.00.
Read Our Latest Report on Standex International
Standex International Company Profile
(
Get Free Report)
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.
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