David Dunbar Sells 15,000 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 15,000 shares of Standex International stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer owned 88,973 shares of the company’s stock, valued at $22,771,749.62. The trade was a 14.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Standex International Price Performance

Shares of NYSE:SXI opened at $255.17 on Friday. The business has a fifty day moving average price of $240.67 and a 200-day moving average price of $227.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The company has a market capitalization of $3.09 billion, a PE ratio of 57.21 and a beta of 1.13. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $270.87.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company had revenue of $221.32 million for the quarter, compared to the consensus estimate of $219.22 million. During the same period in the prior year, the firm posted $1.91 EPS. Standex International’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

Several analysts recently commented on SXI shares. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, February 2nd. Roth Mkm raised their price target on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson boosted their target price on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $281.33.

Hedge Funds Weigh In On Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advantage Alpha Capital Partners LP boosted its position in shares of Standex International by 27.1% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after purchasing an additional 5,863 shares in the last quarter. 1ST Source Bank acquired a new position in Standex International in the 2nd quarter worth approximately $411,000. Voya Investment Management LLC increased its stake in shares of Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after acquiring an additional 25,028 shares during the period. XTX Topco Ltd purchased a new position in shares of Standex International during the 2nd quarter valued at about $857,000. Finally, Allspring Global Investments Holdings LLC raised its position in Standex International by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after acquiring an additional 4,621 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

About Standex International

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.