Standex International Co. (NYSE:SXI) Director Sells $349,491.01 in Stock

Standex International Co. (NYSE:SXI) Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction 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 sale, the director now directly owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Standex International Price Performance

SXI opened at $202.21 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The stock’s 50 day simple moving average is $181.71 and its 200 day simple moving average is $174.58. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.89 and a beta of 1.03. Standex International Co. has a 1 year low of $131.96 and a 1 year high of $211.90.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The firm 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 company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. As a group, analysts predict that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio is presently 20.98%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SXI. Wasatch Advisors LP increased its position in Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after buying an additional 90,770 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Standex International by 21.4% during the third quarter. Captrust Financial Advisors now owns 6,020 shares of the industrial products company’s stock valued at $1,100,000 after purchasing an additional 1,061 shares during the last quarter. Walleye Capital LLC bought a new position in Standex International during the third quarter valued at approximately $250,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Standex International by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock worth $6,043,000 after purchasing an additional 276 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Standex International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,388 shares of the industrial products company’s stock valued at $985,000 after buying an additional 877 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

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.