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

Key Points

• CEO David Dunbar sold 13,000 Standex International shares at an average price of $290.82, generating approximately $3.78 million. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his direct holdings by 14.61%.
• Standex reported quarterly EPS of $2.45, beating estimates of $2.35, while revenue rose 2.8% year over year to $228.25 million. The company also maintains a quarterly dividend of $0.34 per share, yielding about 0.5% annually.
• SXI recently traded around $285, below its 50-day average but near its 200-day average. Analysts maintain a “Moderate Buy” consensus with an average price target of $298.67, while institutional investors own 90.35% of the stock.

Standex International Corporation (NYSE:SXI - Get Free Report) CEO David Dunbar sold 13,000 shares of the company's 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. This represents a 14.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Standex International Price Performance

SXI traded down $4.33 during trading on Tuesday, reaching $285.33. The company's stock had a trading volume of 139,098 shares, compared to its average volume of 112,941. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $315.14 and a two-hundred day simple moving average of $284.87. Standex International Corporation has a 1 year low of $197.00 and a 1 year high of $363.89. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.23 and a beta of 1.05.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The business had revenue of $228.25 million during the quarter, compared to analyst estimates of $226.47 million. During the same period in the prior year, the business earned $2.28 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Standex International Corporation will post 9.96 EPS for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.34 dividend. 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 (DPR) is 15.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SXI. Weiss Ratings downgraded shares of Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. DA Davidson reissued a "buy" rating and issued a $350.00 price target on shares of Standex International in a research note on Thursday, August 20th. Finally, Zacks Research upgraded shares of Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $298.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Standex International by 33,144.4% during the 2nd quarter. California State Teachers Retirement System now owns 4,855,013 shares of the industrial products company's stock valued at $1,736,492,000 after acquiring an additional 4,840,409 shares during the period. BlackRock Inc. purchased a new stake in Standex International during the second quarter worth about $640,120,000. Wasatch Advisors LP lifted its position in shares of Standex International by 61.3% during the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after purchasing an additional 520,506 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Standex International during the second quarter worth about $149,891,000. Finally, Geode Capital Management LLC boosted its stake in shares of Standex International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company's stock valued at $61,195,000 after purchasing an additional 798 shares during the period. 90.35% of the stock is currently 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.

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