David Dunbar Sells 13,000 Shares of Standex International (NYSE:SXI) Stock

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 13,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the sale, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Stock Down 2.2%

NYSE:SXI opened at $278.89 on Thursday. The company’s 50-day simple moving average is $314.35 and its 200-day simple moving average is $285.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. Standex International Corporation has a fifty-two week low of $197.00 and a fifty-two week high of $363.89. The stock has a market capitalization of $3.38 billion, a P/E ratio of 32.17, a P/E/G ratio of 3.18 and a beta of 1.04.

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

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio is presently 15.69%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SXI. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reiterated a “buy” rating and issued a $350.00 price target on shares of Standex International in a research note on Thursday, August 20th. Finally, Weiss Ratings downgraded Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $298.67.

Institutional Investors Weigh In On Standex International

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its stake in Standex International by 538.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after purchasing an additional 46,838 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Standex International by 26.5% in the first quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock worth $3,722,000 after purchasing an additional 3,059 shares during the last quarter. UBS Group AG raised its stake in shares of Standex International by 66.8% in the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock worth $19,869,000 after purchasing an additional 36,634 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Standex International by 9,509.3% during 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 purchasing an additional 7,132 shares during the period. Finally, Sei Investments Co. boosted its position in Standex International by 4.5% in the first quarter. Sei Investments Co. now owns 105,064 shares of the industrial products company’s stock valued at $26,774,000 after buying an additional 4,520 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.