Insider Selling: Standex International (NYSE:SXI) Insider Sells $104,040.00 in Stock

Standex International Corporation (NYSE:SXI) insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standex International Price Performance

Shares of NYSE:SXI opened at $257.68 on Monday. The company’s fifty day moving average is $241.16 and its two-hundred day moving average is $228.21. The company has a market cap of $3.12 billion, a P/E ratio of 57.78 and a beta of 1.13. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $270.87. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last issued its earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during 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%.Standex International’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Equities analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Standex International

Several institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC increased its position in Standex International by 6.8% during the third quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after buying an additional 44 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Standex International by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 50 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Standex International by 3.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 66 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Standex International by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 68 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds 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.