Standex International Co. (NYSE:SXI) Declares Quarterly Dividend of $0.32

Standex International Co. (NYSE:SXI) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.32 per share by the industrial products company on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.67%.

Standex International has increased its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend every year for the last 15 years. Standex International has a dividend payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.6%.

Standex International Stock Performance

Shares of SXI stock opened at $190.83 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a 52 week low of $141.90 and a 52 week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company’s 50 day moving average price is $195.95 and its two-hundred day moving average price is $185.14.

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

Analyst Ratings Changes

Several research firms have recently weighed in on SXI. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th. Benchmark upped their price target on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares of the company’s stock, valued at $3,613,763.66. The trade was a 8.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is owned by insiders.

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.