Standex International (NYSE:SXI) Announces Quarterly Earnings Results

Standex International (NYSE:SXI) issued its earnings results on Thursday. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23, Zacks reports. Standex International had a return on equity of 13.18% and a net margin of 10.26%.

Standex International Stock Performance

SXI traded up $1.59 during midday trading on Thursday, reaching $186.74. The company had a trading volume of 39,977 shares, compared to its average volume of 45,781. Standex International has a 12-month low of $141.90 and a 12-month high of $212.65. The business has a 50-day moving average price of $195.00 and a two-hundred day moving average price of $185.46. The stock has a market cap of $2.26 billion, a PE ratio of 30.61, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Wall Street Analyst Weigh In

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

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the sale, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This represents a 16.18 % decrease in their ownership of the stock. 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 Standex International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock worth $1,359,419 in the last quarter. Insiders own 2.10% of the company’s stock.

Standex International Company Profile

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.