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

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.32 per share by the industrial products company on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, February 14th.

Standex International has increased its dividend by an average of 7.6% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Standex International has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $9.71 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.2%.

Standex International Stock Performance

Shares of NYSE SXI opened at $194.29 on Wednesday. The firm’s fifty day moving average is $192.04 and its two-hundred day moving average is $185.90. Standex International has a 52-week low of $152.58 and a 52-week high of $212.65. The company has a market cap of $2.31 billion, a P/E ratio of 42.42, a P/E/G ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.83 and a current ratio of 3.37.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, analysts anticipate that Standex International will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SXI shares. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Benchmark boosted their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. DA Davidson lifted their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd.

Insider Buying and Selling at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

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.