Key Points
- Insider sale: Vineet Kshirsagar sold 400 shares of Standex at an average price of $260.10 on Feb. 18 for $104,040, leaving him with 4,647 shares — a 7.93% reduction in his stake, per the SEC filing.
- Strong quarterly results and dividend: Standex reported EPS of $2.08 (vs. $2.00 est.) and revenue of $221.3M (+16.6% YoY) and announced a $0.34 quarterly dividend ($1.36 annualized, ~0.5% yield).
- Analyst sentiment: The stock has a consensus "Moderate Buy" with a $281.33 price target; four analysts rate it Buy and several firms (Roth MKM, DA Davidson) recently raised price targets to $286 and $298.
Standex International Corporation (NYSE:SXI - Get Free Report) insider Vineet Kshirsagar sold 400 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider directly owned 4,647 shares in the company, valued at $1,208,684.70. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Standex International Trading Up 0.8%
Shares of Standex International stock opened at $257.68 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The stock has a market cap of $3.12 billion, a PE ratio of 57.78 and a beta of 1.13. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $270.87. The firm has a 50-day moving average of $241.16 and a 200-day moving average of $227.73.
Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The company 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 firm's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. As a group, sell-side analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.
Standex International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International's dividend payout ratio is presently 30.49%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on SXI shares. Roth Mkm increased their price target on Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Sunday, February 1st. Barrington Research restated an "outperform" rating and set a $260.00 price target on shares of Standex International in a research note on Monday, February 2nd. DA Davidson raised their price target on Standex International from $272.00 to $298.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Standex International in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $281.33.
Get Our Latest Analysis on Standex International
Hedge Funds Weigh In On Standex International
Several institutional investors have recently bought and sold shares of the stock. Financial Consulate Inc. bought a new position in shares of Standex International during the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 68 shares during the period. UMB Bank n.a. boosted its stake in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International in the 3rd quarter valued at about $28,000. Finally, Simplex Trading LLC acquired a new position in shares of Standex International during the fourth quarter worth $35,000. 90.35% of the stock is owned by hedge funds and other institutional investors.
About Standex International
(
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.
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