Standex International Co. (NYSE:SXI) Director Thomas E. Chorman Sells 745 Shares

Standex International Co. (NYSE:SXI – Get Rating) Director Thomas E. Chorman sold 745 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $141.58, for a total value of $105,477.10. Following the completion of the sale, the director now directly owns 12,519 shares in the company, valued at $1,772,440.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Standex International Stock Down 0.6 %

SXI stock opened at $141.05 on Wednesday. Standex International Co. has a twelve month low of $79.02 and a twelve month high of $143.09. The company has a quick ratio of 2.73, a current ratio of 3.53 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.68 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The business’s 50-day simple moving average is $123.89 and its 200 day simple moving average is $114.10.

Standex International (NYSE:SXI – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The industrial products company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. The company had revenue of $184.30 million for the quarter, compared to analyst estimates of $178.09 million. Standex International had a return on equity of 14.67% and a net margin of 17.91%. Standex International’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. On average, research analysts anticipate that Standex International Co. will post 6.65 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Wednesday, May 10th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Tuesday, May 9th. Standex International’s dividend payout ratio is 10.10%.

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Standex International in the 4th quarter valued at approximately $12,607,000. HBK Sorce Advisory LLC lifted its holdings in Standex International by 100.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 210,000 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 105,000 shares during the last quarter. Copeland Capital Management LLC boosted its position in Standex International by 15.4% in the fourth quarter. Copeland Capital Management LLC now owns 612,878 shares of the industrial products company’s stock valued at $62,764,000 after buying an additional 81,792 shares in the last quarter. Invesco Ltd. grew its stake in Standex International by 187.9% during the first quarter. Invesco Ltd. now owns 112,634 shares of the industrial products company’s stock worth $11,254,000 after buying an additional 73,508 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Standex International by 106.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,144 shares of the industrial products company’s stock worth $12,714,000 after buying an additional 64,022 shares in the last quarter. 86.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SXI. Benchmark reaffirmed a “buy” rating and issued a $150.00 target price on shares of Standex International in a report on Friday, February 3rd. StockNews.com began coverage on shares of Standex International in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, Barrington Research reiterated an “outperform” rating on shares of Standex International in a research note on Tuesday, May 2nd.

About Standex International

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Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment is engaged in the manufacturing and selling of electronic components for applications throughout the end-user market spectrum.