Key Points
- Director Thomas Chorman sold 513 shares on Feb. 27 at an average of $260, reducing his stake by 3.89% to 12,666 shares valued at about $3.29M (transaction $133,380), disclosed in an SEC Form 4.
- Quarterly results beat expectations: Standex reported EPS of $2.08 vs. $2.00 consensus and revenue of $221.32M, up 16.6% year-over-year.
- Dividend announced and paid: The company paid a $0.34 quarterly dividend on Feb. 27 (annualized $1.36), implying a ~0.5% yield and a ~30.5% payout ratio.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 513 shares of the business's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director owned 12,666 shares of the company's stock, valued at approximately $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Standex International Price Performance
SXI stock opened at $263.99 on Tuesday. The firm has a market cap of $3.20 billion, a P/E ratio of 59.19 and a beta of 1.09. The firm's fifty day moving average is $244.71 and its 200 day moving average is $230.70. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $270.87. 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 (NYSE:SXI - Get Free Report) last posted 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. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. During the same period in the prior year, the business posted $1.91 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. Research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.
Standex International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, February 13th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International's dividend payout ratio is currently 30.49%.
Institutional Trading of Standex International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Royal Bank of Canada increased its position in Standex International by 110.7% during the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company's stock valued at $7,263,000 after purchasing an additional 23,643 shares during the period. AQR Capital Management LLC boosted its stake in shares of Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock valued at $851,000 after purchasing an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company's stock valued at $1,118,000 after buying an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock valued at $6,474,000 after buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC raised its stake in Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after buying an additional 33,016 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on SXI shares. DA Davidson boosted their price objective on Standex International from $272.00 to $298.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Standex International in a research note on Wednesday, January 21st. Roth Mkm upped their price target on shares of Standex International from $260.00 to $286.00 and gave the company 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 research report on Sunday, February 1st. Finally, Barrington Research reissued an "outperform" rating and issued a $260.00 price target on shares of Standex International in a report on Monday, February 2nd. 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, Standex International has an average rating of "Moderate Buy" and an average price target of $281.33.
Read Our Latest Report on Standex International
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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