Standex International Co. (NYSE:SXI) CFO Sells $690,232.00 in Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares in the company, valued at $3,575,765.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Standex International Price Performance

Shares of NYSE SXI opened at $195.19 on Wednesday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.65 and a beta of 1.03. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $177.16 and its two-hundred day simple moving average is $172.91. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $195.24.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 EPS. As a group, equities analysts anticipate that Standex International Co. will post 7.63 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.32 dividend. This is a positive change from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio is currently 19.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SXI. Benchmark upped their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. Finally, DA Davidson boosted their price objective on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Hedge Funds Weigh In On Standex International

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Standex International during the 2nd quarter valued at about $32,000. US Bancorp DE increased its position in shares of Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Standex International by 18,180.0% during the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 909 shares during the last quarter. 90.35% of the stock is currently 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.