Standex International Co. (NYSE:SXI) Director Sells $105,477.10 in Stock

Standex International Co. (NYSE:SXI – Get Rating) Director Thomas E. Chorman sold 745 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $141.58, for a total transaction of $105,477.10. Following the completion of the sale, the director now owns 12,519 shares in the company, valued at $1,772,440.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Standex International Stock Performance

Shares of SXI stock opened at $139.07 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of 12.54, a PEG ratio of 2.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.53 and a quick ratio of 2.73. Standex International Co. has a fifty-two week low of $79.02 and a fifty-two week high of $143.09. The stock’s 50-day moving average is $124.86 and its two-hundred day moving average is $114.44.

Standex International (NYSE:SXI – Get Rating) last released its quarterly earnings data on Friday, May 5th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. Standex International had a net margin of 17.91% and a return on equity of 14.67%. The business had revenue of $184.30 million during the quarter, compared to analyst estimates of $178.09 million. During the same quarter in the previous year, the business earned $1.54 EPS. Standex International’s quarterly revenue was down 2.6% compared to the same quarter last year. Analysts predict that Standex International Co. will post 6.65 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Wednesday, May 10th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, May 9th. Standex International’s dividend payout ratio (DPR) is 10.10%.

Hedge Funds Weigh In On Standex International

Several large investors have recently made changes to their positions in the business. Legato Capital Management LLC grew its stake in shares of Standex International by 21.4% in the first quarter. Legato Capital Management LLC now owns 4,124 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 727 shares during the last quarter. JPMorgan Chase & Co. grew its position in Standex International by 10.7% in the 1st quarter. JPMorgan Chase & Co. now owns 86,483 shares of the industrial products company’s stock worth $10,589,000 after purchasing an additional 8,331 shares during the last quarter. State Street Corp increased its holdings in shares of Standex International by 1.7% during the 1st quarter. State Street Corp now owns 478,330 shares of the industrial products company’s stock worth $58,567,000 after purchasing an additional 7,852 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Standex International during the first quarter valued at about $1,288,000. Finally, Geode Capital Management LLC lifted its stake in shares of Standex International by 5.9% in the first quarter. Geode Capital Management LLC now owns 229,809 shares of the industrial products company’s stock valued at $28,138,000 after buying an additional 12,802 shares during the period. Institutional investors and hedge funds own 86.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SXI shares. StockNews.com initiated coverage on Standex International in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Barrington Research restated an “outperform” rating on shares of Standex International in a research report on Tuesday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $150.00 target price on shares of Standex International in a report on Friday, February 3rd.

About Standex International

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Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment is engaged in the manufacturing and selling of electronic components for applications throughout the end-user market spectrum.