Insider Selling: Standex International (NYSE:SXI) Director Sells $12,897.00 in Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $257.94, for a total value of $12,897.00. Following the completion of the sale, the director owned 12,566 shares in the company, valued at $3,241,274.04. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Price Performance

Shares of SXI opened at $258.01 on Monday. The business has a 50-day moving average of $254.70 and a 200-day moving average of $239.39. 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 $3.13 billion, a price-to-earnings ratio of 57.85 and a beta of 1.11. 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 earnings results 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. The business had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share. As a group, equities research analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.34 per share. The ex-dividend date was Friday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Standex International’s dividend payout ratio is 30.49%.

Institutional Trading of Standex International

Several large investors have recently made changes to their positions in SXI. Royal Bank of Canada increased its position in Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Standex International by 13.7% in the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after acquiring an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after acquiring an additional 1,509 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after acquiring an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SXI. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. DA Davidson upped their target price on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Roth Mkm lifted their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

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.