Thomas Chorman Sells 50 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) Director Thomas Chorman sold 50 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.82, for a total transaction of $13,641.00. Following the completion of the transaction, the director owned 12,466 shares in the company, valued at approximately $3,400,974.12. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Price Performance

NYSE:SXI opened at $288.86 on Wednesday. The firm has a market cap of $3.50 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 3.66 and a beta of 1.08. Standex International Corporation has a 12 month low of $148.24 and a 12 month high of $292.98. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $263.38 and its two-hundred day moving average price is $250.44.

Standex International (NYSE:SXI) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. Standex International’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. On average, equities analysts anticipate that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 8th. Standex International’s payout ratio is 16.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Cornerstone Planning Group LLC boosted its holdings in Standex International by 144.7% during the fourth 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. UMB Bank n.a. boosted its holdings in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Standex International during the third quarter worth $28,000. Cedar Mountain Advisors LLC acquired a new position in Standex International during the first quarter worth $29,000. Finally, Simplex Trading LLC acquired a new position in Standex International during the fourth quarter worth $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $323.00 price target on shares of Standex International in a research note on Monday, May 4th. Weiss Ratings raised shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Zacks Research cut shares of Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Finally, Roth Mkm boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $289.67.

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.