Standex International (NYSE:SXI) VP Buys $12,328.20 in Stock

Standex International Corporation (NYSE:SXI) VP Max Arets bought 45 shares of Standex International stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of $273.96 per share, with a total value of $12,328.20. Following the acquisition, the vice president owned 1,641 shares in the company, valued at approximately $449,568.36. This represents a 2.82% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Standex International Trading Down 0.8%

Shares of NYSE:SXI traded down $2.21 during trading on Wednesday, hitting $269.42. The company had a trading volume of 53,887 shares, compared to its average volume of 172,796. The company has a fifty day simple moving average of $308.48 and a two-hundred day simple moving average of $285.49. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 3.08 and a beta of 1.04. Standex International Corporation has a one year low of $198.74 and a one year high of $363.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million during the quarter, compared to analysts’ expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. As a group, equities analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.34 dividend. 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, August 7th. Standex International’s payout ratio is currently 15.69%.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its holdings in Standex International by 538.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 46,838 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Standex International by 26.5% during the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after purchasing an additional 3,059 shares during the period. UBS Group AG boosted its position in shares of Standex International by 66.8% during the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock worth $19,869,000 after acquiring an additional 36,634 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Standex International during the second quarter valued at $2,033,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Standex International by 9,509.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 7,132 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SXI shares. DA Davidson restated a “buy” rating and set a $350.00 price target on shares of Standex International in a report on Thursday, August 20th. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.67.

Standex International Company Profile

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.