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In a recent transaction, Charles H. Cannon Jr., a director at Standex International Corp . (NYSE:SXI), a $1.92 billion industrial manufacturing company, sold 2,779 shares of the company’s common stock. According to InvestingPro data, this sale comes as the stock has declined over 22% in the past six months. The shares were sold at a price of $154.67 each, amounting to a total transaction value of $429,827. Following this sale, Cannon holds 157 shares directly with an additional 16,530 shares held indirectly as a trustee of a trust. This transaction was reported for the period ending May 9, 2025. The company, which has maintained dividend payments for 55 consecutive years, currently trades at a relatively high P/E ratio of 31x. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro offers detailed research reports covering over 1,400 US stocks, including SXI.
In other recent news, Standex International Corporation reported its Q3 2025 financial results, surpassing analyst expectations with earnings per share of $1.95, compared to the forecast of $1.92. The company’s revenue also exceeded projections, reaching $207.8 million against the anticipated $204.71 million, marking a 17.2% increase year-over-year. Standex achieved a record adjusted operating margin of 19.4%, driven by strategic acquisitions and facility expansions. Additionally, Standex announced the acquisition of McStarlight for $56.5 million, enhancing its capabilities in aerospace components. In corporate governance developments, Standex appointed Andy L. Nemeth as a new board member, expanding its Board of Directors to nine members, with plans to revert to eight following a scheduled retirement. Meanwhile, analysts from firms like Roth Capital and William Blair have noted the company’s strategic growth initiatives, including expansions in Europe and India. Standex’s focus on innovation and entry into fast-growth markets continues to position it favorably among industry competitors.
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