Insider Selling: Standex International Co. (NYSE:SXI) Director Sells 1,661 Shares of Stock

Standex International Co. (NYSE:SXI) Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Standex International Price Performance

SXI opened at $205.46 on Wednesday. The stock has a fifty day moving average of $180.35 and a 200-day moving average of $174.18. The firm has a market capitalization of $2.48 billion, a P/E ratio of 33.68, a PEG ratio of 2.99 and a beta of 1.03. Standex International Co. has a 12-month low of $131.96 and a 12-month high of $211.90. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. During the same period last year, the company earned $1.74 earnings per share. Standex International’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts forecast that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.62%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its position in Standex International by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock worth $1,684,000 after buying an additional 62 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Standex International by 93.5% in the third 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. Raymond James Trust N.A. grew its position in shares of Standex International by 1.9% in the second quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock valued at $708,000 after purchasing an additional 82 shares during the last quarter. US Bancorp DE grew its position in shares of Standex International by 15.2% in the third 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. Finally, Inspire Investing LLC grew its position in shares of Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 90 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.