Standex International Co. (NYSE:SXI) Director Thomas J. Hansen Sells 1,661 Shares

Standex International Co. (NYSE:SXI) 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 transaction, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Standex International Stock Performance

SXI traded down $3.45 during trading hours on Tuesday, hitting $207.26. 10,563 shares of the stock were exchanged, compared to its average volume of 56,438. The stock has a 50-day simple moving average of $179.66 and a 200-day simple moving average of $173.95. Standex International Co. has a 12 month low of $131.96 and a 12 month high of $211.90. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.96 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 (NYSE:SXI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 13.18% and a net margin of 10.26%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the business posted $1.74 earnings per share. Analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. This is a boost from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Wednesday, October 30th. DA Davidson raised their price objective on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Benchmark raised their price objective on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new stake in Standex International in the first quarter valued at $4,647,000. Harbor Capital Advisors Inc. boosted its position in shares of Standex International by 292.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock valued at $843,000 after purchasing an additional 3,900 shares during the period. Boston Partners acquired a new stake in Standex International during the 1st quarter worth about $691,000. SG Americas Securities LLC acquired a new stake in Standex International during the 2nd quarter worth about $743,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Standex International by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock valued at $15,901,000 after buying an additional 4,768 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.