Insider Selling: Standex International (NYSE:SXI) Director Sells 2,992 Shares of Stock

Key Points

• Thomas Hansen, a director at Standex International, sold 2,992 shares at an average price of $202.60, resulting in a total transaction value of $606,179.20, reducing his stake by 26.17%.
• Standex International reported $2.28 earnings per share for the last quarter, exceeding estimates and showing a 23.2% increase in revenue from the previous year.
• The company declared a quarterly dividend of $0.32 per share, with a dividend yield of 0.6%, reflecting a current payout ratio of 27.59%.

Standex International Corporation (NYSE:SXI - Get Free Report) Director Thomas J. Hansen sold 2,992 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the sale, the director directly owned 8,439 shares of the company's stock, valued at $1,709,741.40. This represents a 26.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Standex International Price Performance

Shares of Standex International stock traded down $0.7050 during trading hours on Monday, hitting $209.7750. The company's stock had a trading volume of 25,007 shares, compared to its average volume of 91,327. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.65. The business has a 50 day moving average price of $172.55 and a two-hundred day moving average price of $165.04. The company has a market cap of $2.53 billion, a PE ratio of 45.22, a PEG ratio of 2.68 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last released 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 analysts' expectations of $214.44 million. During the same quarter last year, the business posted $1.76 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. Analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Standex International's dividend payout ratio (DPR) is currently 27.59%.

Analyst Ratings Changes

Several analysts recently issued reports on SXI shares. DA Davidson increased their target price on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Roth Capital reiterated a "buy" rating and issued a $205.00 target price (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. Finally, Barrington Research reiterated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research report on Tuesday, July 29th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Standex International currently has an average rating of "Buy" and an average price target of $223.50.

Hedge Funds Weigh In On Standex International

Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of Standex International by 34.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,817 shares of the industrial products company's stock valued at $1,275,000 after acquiring an additional 1,744 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Standex International by 11.5% in the fourth quarter. Bank of Montreal Can now owns 1,851 shares of the industrial products company's stock valued at $346,000 after acquiring an additional 191 shares in the last quarter. Barclays PLC grew its stake in shares of Standex International by 24.1% in the fourth quarter. Barclays PLC now owns 28,241 shares of the industrial products company's stock valued at $5,281,000 after acquiring an additional 5,489 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Standex International in the fourth quarter valued at about $275,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Standex International by 2.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 13,092 shares of the industrial products company's stock worth $2,443,000 after buying an additional 286 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

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.