Key Points
- Thomas Chorman sold 50 shares of Standex International (SXI) on April 1 at an average price of $257.94 for a total of $12,897, cutting his stake by 0.40% to 12,566 shares; the transaction was disclosed in an SEC Form 4 and executed under a pre-arranged Rule 10b5-1 trading plan.
- Standex beat quarterly estimates with $2.08 EPS and $221.3M in revenue (revenue up 16.6% YoY), has a market cap of about $3.13B and a 0.5% dividend yield, and carries a consensus analyst rating of Moderate Buy with an average price target of $281.33.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 50 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $257.94, for a total transaction of $12,897.00. Following the sale, the director owned 12,566 shares of the company's stock, valued at $3,241,274.04. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Standex International Price Performance
NYSE SXI opened at $258.01 on Friday. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $270.87. The business's fifty day moving average is $254.70 and its two-hundred day moving average is $238.94. The stock has a market capitalization of $3.13 billion, a P/E ratio of 57.85 and a beta of 1.11. 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 released its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.91 EPS. On average, research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.
Standex International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.34 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International's dividend payout ratio (DPR) is 30.49%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SXI. Roth Mkm boosted their price objective on Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Standex International in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research 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 report on Monday, March 9th. Finally, DA Davidson upped their price target on shares of Standex International from $272.00 to $298.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $281.33.
Get Our Latest Analysis on Standex International
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its stake 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 worth $25,000 after acquiring an additional 68 shares in the last quarter. Financial Consulate Inc. acquired a new position in shares of Standex International in the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its holdings in shares of Standex International by 132.7% in the 4th 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 during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International in the third quarter worth approximately $28,000. Finally, Simplex Trading LLC acquired a new stake in shares of Standex International during the fourth quarter worth approximately $35,000. 90.35% of the stock is owned by institutional investors and hedge funds.
About Standex International
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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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