Standex International (NYSE:SXI) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

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

Standex International Stock Up 1.5 %

Shares of SXI traded up $2.79 on Friday, hitting $189.35. The company’s stock had a trading volume of 22,610 shares, compared to its average volume of 44,641. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 2.62 and a beta of 1.07. Standex International has a fifty-two week low of $141.90 and a fifty-two week high of $212.65. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $194.70 and its 200-day moving average price is $185.47.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, February 14th. Standex International’s payout ratio is 20.98%.

Insiders Place Their Bets

In related news, Director Thomas J. Hansen sold 1,661 shares of the firm’s 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 completion of the transaction, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares in the company, valued at $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock valued at $1,359,419 in the last quarter. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SXI has been the subject of several research reports. Benchmark raised their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Tuesday.

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.