Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells $390,880.00 in Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ademir Sarcevic also recently made the following trade(s):

• On Wednesday, November 20th, Ademir Sarcevic sold 1,600 shares of Standex International stock. The shares were sold at an average price of $199.81, for a total value of $319,696.00.

Standex International Stock Performance

Shares of NYSE SXI opened at $190.40 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.68 and a beta of 1.06. Standex International Co. has a one year low of $154.45 and a one year high of $212.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.83. The stock’s fifty day moving average price is $191.34 and its two-hundred day moving average price is $185.97.

Standex International (NYSE:SXI) last released its earnings results 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%. On average, equities analysts forecast that Standex International Co. will post 8 EPS for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is currently 27.95%.

Wall Street Analyst Weigh In

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

Institutional Trading of Standex International

Several large investors have recently modified their holdings of SXI. CANADA LIFE ASSURANCE Co boosted its stake in Standex International by 2.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 13,092 shares of the industrial products company’s stock valued at $2,443,000 after buying an additional 286 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock valued at $109,283,000 after buying an additional 11,774 shares in the last quarter. Wasatch Advisors LP boosted its stake in Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after buying an additional 64,373 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in Standex International by 3.4% in the fourth quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company’s stock valued at $565,000 after buying an additional 99 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Standex International in the fourth quarter valued at about $275,000. 90.35% of the stock is owned by institutional investors and hedge funds.

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.