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

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction that occurred on 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 transaction, the chief financial officer now 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 document filed with the SEC, which is available at this link.

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 Trading Up 1.4 %

Shares of SXI opened at $204.62 on Monday. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International Co. has a 1-year low of $131.96 and a 1-year high of $211.90. The company has a 50-day moving average of $185.95 and a 200 day moving average of $175.85.

Standex International (NYSE:SXI) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. Standex International’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 earnings per share. On average, research analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.32 per share. 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%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Institutional Trading of Standex International

Several institutional investors and hedge funds have recently made changes to their positions in SXI. GAMMA Investing LLC increased its position in Standex International by 93.5% during the 3rd 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 period. Canada Pension Plan Investment Board bought a new position in shares of Standex International during the second quarter valued at approximately $32,000. Peterson Financial Group Inc. bought a new position in Standex International in the third quarter worth approximately $44,000. US Bancorp DE boosted its position in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 358 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SXI shares. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. DA Davidson upped their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Benchmark increased 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.

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.