Key Points
- Director Thomas Chorman sold 50 shares of Standex International at $272.82 each, totaling about $13,641. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by just 0.4%.
- Standex recently reported quarterly earnings of $2.21 per share, narrowly missing analyst expectations, while revenue came in at $224.6 million. Revenue still rose 8.1% year over year, and analysts expect full-year EPS of 8.58.
- The company also paid a quarterly dividend of $0.34 per share, equivalent to $1.36 annually, for a yield of about 0.5%. Meanwhile, Wall Street sentiment remains positive, with a Moderate Buy consensus and an average price target of $289.67.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas Chorman sold 50 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.82, for a total value of $13,641.00. Following the transaction, the director directly owned 12,466 shares of the company's stock, valued at approximately $3,400,974.12. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Standex International Price Performance
Shares of Standex International stock opened at $292.18 on Thursday. The stock has a 50 day moving average of $264.87 and a 200 day moving average of $251.25. Standex International Corporation has a 12 month low of $148.47 and a 12 month high of $295.89. The firm has a market cap of $3.54 billion, a PE ratio of 35.59, a PEG ratio of 3.74 and a beta of 1.08. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63.
Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. During the same period in the previous year, the company posted $1.95 earnings per share. Standex International's quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts expect that Standex International Corporation will post 8.58 EPS for the current fiscal year.
Standex International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International's dividend payout ratio is presently 16.57%.
Institutional Investors Weigh In On Standex International
A number of institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP lifted its stake in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Standex International by 23.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company's stock worth $85,352,000 after acquiring an additional 74,599 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Standex International by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company's stock worth $61,195,000 after acquiring an additional 798 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company's stock worth $48,580,000 after acquiring an additional 94,415 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Standex International by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company's stock worth $43,992,000 after acquiring an additional 6,092 shares during the last quarter. 90.35% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SXI. Weiss Ratings raised Standex International from a "hold (c)" rating to a "buy (b)" rating in a research note on Thursday, May 7th. Barrington Research reaffirmed an "outperform" rating and issued a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th. DA Davidson reaffirmed a "buy" rating and issued a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Finally, Zacks Research raised Standex International from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $289.67.
View Our Latest Research Report on SXI
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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