Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic Sells 1,600 Shares of Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ademir Sarcevic also recently made the following trade(s):

• On Monday, November 4th, Ademir Sarcevic sold 3,800 shares of Standex International stock. The stock was sold at an average price of $181.64, for a total value of $690,232.00.

Standex International Stock Up 1.4 %

SXI stock opened at $204.55 on Friday. 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 firm has a market capitalization of $2.47 billion, a PE ratio of 33.53, a PEG ratio of 2.86 and a beta of 1.03. Standex International Co. has a twelve month low of $131.96 and a twelve month high of $211.90. The stock has a 50-day simple moving average of $185.95 and a two-hundred day simple moving average of $175.77.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm earned $1.74 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts predict that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.32 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. Standex International’s payout ratio is presently 20.98%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Standex International by 3.0% during the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after purchasing an additional 9,119 shares in the last quarter. Barclays PLC grew its holdings in shares of Standex International by 80.7% during the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company’s stock worth $4,157,000 after purchasing an additional 10,159 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Standex International by 8.2% during the third quarter. MML Investors Services LLC now owns 9,121 shares of the industrial products company’s stock worth $1,667,000 after purchasing an additional 694 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Standex International by 14.9% during the third quarter. Jane Street Group LLC now owns 24,249 shares of the industrial products company’s stock worth $4,432,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Standex International during the third quarter worth about $2,821,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

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.