Standex Int’l Corp. (NYSE:SXI) VP Thomas D. Debyle sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.10, for a total value of $220,200.00. Following the transaction, the vice president now owns 65,343 shares of the company’s stock, valued at $7,194,264.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of SXI traded down $0.01 during mid-day trading on Friday, reaching $106.67. 34,259 shares of the company were exchanged, compared to its average volume of 41,008. Standex Int’l Corp. has a 52 week low of $89.40 and a 52 week high of $114.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 1.59. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.63 and a beta of 1.45.
Standex Int’l (NYSE:SXI) last issued its quarterly earnings data on Tuesday, August 28th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.01. Standex Int’l had a return on equity of 15.19% and a net margin of 4.21%. The company had revenue of $227.51 million during the quarter, compared to the consensus estimate of $232.73 million. During the same period last year, the company earned $1.40 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standex Int’l Corp. will post 6 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXI. SG Americas Securities LLC acquired a new stake in Standex Int’l during the first quarter worth approximately $123,000. Ramsey Quantitative Systems grew its stake in Standex Int’l by 135.6% during the second quarter. Ramsey Quantitative Systems now owns 1,237 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 712 shares during the period. Profund Advisors LLC acquired a new stake in Standex Int’l during the first quarter worth approximately $204,000. Amalgamated Bank acquired a new stake in Standex Int’l during the second quarter worth approximately $208,000. Finally, United Services Automobile Association acquired a new stake in Standex Int’l during the second quarter worth approximately $210,000. 86.99% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded Standex Int’l from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Standex Int’l presently has a consensus rating of “Buy” and an average target price of $122.33.
About Standex Int’l
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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