Key Points
- Director Thomas Chorman sold 50 shares on Feb. 4 at an average price of $249.86 for $12,493, leaving him with 13,179 shares—a 0.38% reduction in his position.
- Standex reported an earnings beat, posting $2.08 EPS vs. $2.00 expected and $221.32M revenue (vs. $219.22M), with quarterly revenue up 16.6% year-over-year and analysts forecasting about 7.9 EPS for the fiscal year.
- The company declared a $0.34 quarterly dividend (annualized $1.36, yield ~0.5%, ex-dividend Feb. 13), shares recently traded near $251.18, and the consensus analyst rating is a "Moderate Buy" with a $281.33 price target.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 50 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $249.86, for a total value of $12,493.00. Following the completion of the transaction, the director directly owned 13,179 shares in the company, valued at approximately $3,292,904.94. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Standex International Stock Performance
Standex International stock traded up $11.47 during midday trading on Friday, reaching $251.18. 25,105 shares of the company's stock were exchanged, compared to its average volume of 136,555. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 56.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $263.00. The stock's 50-day simple moving average is $237.38 and its 200 day simple moving average is $220.75.
Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. On average, analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.
Standex International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International's dividend payout ratio (DPR) is presently 30.49%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SXI. Northwestern Mutual Wealth Management Co. boosted its position in shares of Standex International by 9,509.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company's stock valued at $1,566,000 after buying an additional 7,132 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Standex International by 538.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company's stock worth $12,069,000 after buying an additional 46,838 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 95 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Standex International by 7.9% during the 4th quarter. Benjamin Edwards Inc. now owns 3,906 shares of the industrial products company's stock valued at $849,000 after acquiring an additional 285 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Standex International by 144.7% in the fourth 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 during the period. Hedge funds and other institutional investors own 90.35% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SXI. DA Davidson increased their price objective on Standex International from $272.00 to $298.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Sunday, February 1st. Roth Mkm upped their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a report on Tuesday. Barrington Research reissued an "outperform" rating and issued a $260.00 price target on shares of Standex International in a report on Monday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Standex International in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $281.33.
Read Our Latest Stock Report on Standex International
Standex International Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
