Key Points
- Director Thomas Chorman sold 50 shares on March 2 at an average price of $259, reducing his stake to 12,616 shares (about $3.27M) — the transaction was disclosed in an SEC Form 4.
- Standex posted a quarterly beat with $2.08 EPS versus $2.00 expected and $221.32M revenue (up 16.6% YoY), and Wall Street consensus is a “Moderate Buy” with an average price target of $281.33 (some firms raised targets to as high as $298).
- The shares trade near $261 with a market cap of $3.16B and a P/E of ~58.5, and the company pays a quarterly dividend of $0.34 (annualized $1.36, ~0.5% yield).
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 50 shares of Standex International stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $259.00, for a total value of $12,950.00. Following the completion of the transaction, the director directly owned 12,616 shares in the company, valued at approximately $3,267,544. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Standex International Stock Down 1.2%
SXI opened at $260.77 on Wednesday. The business has a 50 day moving average of $245.33 and a 200-day moving average of $231.11. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 58.47 and a beta of 1.09. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $270.87.
Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The firm had revenue of $221.32 million during the quarter, compared to analysts' expectations of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. As a group, sell-side analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current year.
Standex International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International's dividend payout ratio is 30.49%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of SXI. Financial Consulate Inc. acquired a new position in shares of Standex International in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its position in Standex International by 144.7% in the 4th 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 last quarter. UMB Bank n.a. boosted its stake in Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock worth $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 during the third quarter worth $28,000. Finally, Simplex Trading LLC acquired a new stake in shares of Standex International in the fourth quarter valued at $35,000. Institutional investors own 90.35% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research note on Sunday, February 1st. DA Davidson boosted their price target on shares of Standex International from $272.00 to $298.00 and gave the company a "buy" rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Standex International in a report on Wednesday, January 21st. Barrington Research reissued an "outperform" rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, February 2nd. Finally, 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 note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $281.33.
Read Our Latest Analysis 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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