Key Points
- Director Thomas Chorman sold 50 Standex International shares at an average price of $284.89, generating $14,244.50. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 0.40% to 12,316 shares.
- Standex reported quarterly earnings of $2.45 per share, exceeding estimates by $0.10, while revenue rose 2.8% year over year to $228.25 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $298.67, while institutional investors own a substantial 90.35% of the company’s stock.
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 Tuesday, September 1st. The stock was sold at an average price of $284.89, for a total transaction of $14,244.50. Following the transaction, the director directly owned 12,316 shares of the company's stock, valued at approximately $3,508,705.24. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a 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 Price Performance
SXI stock opened at $276.77 on Friday. Standex International Corporation has a 1 year low of $197.65 and a 1 year high of $363.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The stock's 50 day moving average price is $313.14 and its 200 day moving average price is $285.15. The firm has a market cap of $3.35 billion, a P/E ratio of 31.92, a PEG ratio of 3.10 and a beta of 1.04.
Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.10. The company had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.Standex International's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 earnings per share. On average, sell-side analysts expect that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.
Standex International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International's dividend payout ratio (DPR) is currently 15.69%.
Analysts Set New Price Targets
A number of research firms have issued reports on SXI. DA Davidson restated a "buy" rating and issued a $350.00 target price on shares of Standex International in a report on Thursday, August 20th. Weiss Ratings downgraded shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Finally, Zacks Research raised shares of Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $298.67.
View Our Latest Stock Report on Standex International
Hedge Funds Weigh In On Standex International
Several institutional investors and hedge funds have recently bought and sold shares of SXI. California State Teachers Retirement System raised its position in shares of Standex International by 33,144.4% in the 2nd 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 period. BlackRock Inc. acquired a new stake in Standex International during the second quarter worth about $640,120,000. Wasatch Advisors LP increased its stake in Standex International by 61.3% during the fourth 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 purchased a new position in shares of Standex International in the 2nd quarter worth about $149,891,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Standex International in the 2nd quarter worth about $65,337,000. Institutional investors and hedge funds own 90.35% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
