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

Standex International Co. (NYSE:SXI) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.32 per share by the industrial products company on Friday, November 22nd. This represents a $1.28 annualized dividend and a yield of 0.74%. This is an increase from Standex International’s previous quarterly dividend of $0.30.

Standex International has increased its dividend by an average of 8.2% per year over the last three years and has raised its dividend every year for the last 13 years. Standex International has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Standex International to earn $8.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.1%.

Standex International Price Performance

Shares of NYSE SXI opened at $172.48 on Thursday. The stock has a market capitalization of $2.05 billion, a PE ratio of 28.05, a P/E/G ratio of 2.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The business has a fifty day moving average price of $175.54 and a two-hundred day moving average price of $172.19. Standex International has a fifty-two week low of $130.04 and a fifty-two week high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $181.35 million. During the same quarter in the previous year, the firm earned $1.76 EPS. Standex International’s revenue was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Standex International will post 7.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SXI shares. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and issued a $210.00 target price on shares of Standex International in a report on Friday, August 2nd. Finally, DA Davidson upped their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

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.