Key Points
- CEO David Dunbar sold 13,000 Standex International shares at an average price of $290.82, generating $3.78 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 14.61% to 75,973 shares.
- Standex shares opened at $285.33, down 1.5%, while the company reported quarterly EPS of $2.45 and revenue of $228.25 million, exceeding analyst expectations. Revenue increased 2.8% year over year.
- The company paid a quarterly dividend of $0.34 per share, equivalent to a 0.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $298.67, while institutional investors own 90.35% of the stock.
Standex International Corporation (NYSE:SXI - Get Free Report) CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the completion of the sale, the chief executive officer owned 75,973 shares of the company's stock, valued at $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Standex International Stock Down 1.5%
SXI stock opened at $285.33 on Wednesday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05. The company has a 50-day moving average of $315.14 and a two-hundred day moving average of $284.87. Standex International Corporation has a 52-week low of $197.00 and a 52-week high of $363.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84.
Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.10. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. Standex International's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, equities research analysts anticipate that Standex International Corporation will post 9.96 EPS for the current year.
Standex International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.34 dividend. The ex-dividend date was Friday, August 7th. 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 currently 15.69%.
Institutional Investors Weigh In On Standex International
Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System raised its stake in shares of Standex International by 33,144.4% during the second quarter. California State Teachers Retirement System now owns 4,855,013 shares of the industrial products company's stock worth $1,736,492,000 after buying an additional 4,840,409 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Standex International during the 2nd quarter valued at $640,120,000. Wasatch Advisors LP raised its position 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 valued at $297,643,000 after acquiring an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Standex International in the 2nd quarter valued at $149,891,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Standex International in the 2nd quarter valued at $65,337,000. Institutional investors and hedge funds own 90.35% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $350.00 price target on shares of Standex International in a report on Thursday, August 20th. Zacks Research raised Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings lowered Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Standex International has an average rating of "Moderate Buy" and a consensus price target of $298.67.
Get Our Latest Stock Analysis on SXI
Standex International Company Profile
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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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