Standex International (NYSE:SXI) CEO Sells $3,200,000.00 in Stock

Key Points

• Standex International Corporation CEO David A. Dunbar sold 16,000 shares of stock at an average price of $200.00, totaling $3.2 million, which resulted in a 12.16% reduction in his ownership.
• The company recently reported $2.28 EPS for the quarter, surpassing analyst estimates and showing a 23.2% year-over-year revenue increase.
• Standex International declared a $0.32 quarterly dividend, with an annualized yield of 0.6%, affecting shareholders of record on August 8th.

Standex International Corporation (NYSE:SXI - Get Free Report) CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares in the company, valued at $23,115,200. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Standex International Stock Down 0.1%

SXI traded down $0.3040 on Tuesday, hitting $203.6360. The company had a trading volume of 98,256 shares, compared to its average volume of 140,750. The stock has a fifty day simple moving average of $169.55 and a 200-day simple moving average of $164.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The firm has a market capitalization of $2.46 billion, a P/E ratio of 43.89, a P/E/G ratio of 2.60 and a beta of 1.11. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. During the same quarter in the prior year, the company earned $1.76 EPS. The business's revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International's payout ratio is 27.59%.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently bought and sold shares of SXI. Whipplewood Advisors LLC grew its stake in shares of Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after acquiring an additional 193 shares during the period. Whittier Trust Co. grew its position in Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after purchasing an additional 69 shares during the period. Geneos Wealth Management Inc. raised its stake in Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after buying an additional 196 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Standex International by 29.9% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after buying an additional 76 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after buying an additional 78 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of recent research reports. Roth Capital reissued a "buy" rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. DA Davidson lifted their target price on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Standex International presently has a consensus rating of "Buy" and an average price target of $223.50.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.