Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells 1,600 Shares of Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at $3,613,763.66. The trade was a 8.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 4th, Ademir Sarcevic sold 3,800 shares of Standex International stock. The stock was sold at an average price of $181.64, for a total value of $690,232.00.

Standex International Stock Performance

Shares of SXI stock opened at $204.55 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. Standex International Co. has a fifty-two week low of $131.96 and a fifty-two week high of $211.90. The stock has a 50 day moving average price of $185.95 and a two-hundred day moving average price of $175.77. The company has a market capitalization of $2.47 billion, a P/E ratio of 33.53, a PEG ratio of 2.86 and a beta of 1.03.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.74 earnings per share. Analysts expect that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is currently 20.98%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SXI shares. Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research report on Wednesday, October 30th. Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, DA Davidson boosted their price objective on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research report on Monday, August 5th.

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its holdings in shares of Standex International by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock valued at $1,684,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Raymond James Trust N.A. grew its stake in Standex International by 1.9% in the second quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock worth $708,000 after purchasing an additional 82 shares during the period. US Bancorp DE grew its stake in Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares during the period. Finally, Inspire Investing LLC grew its stake in Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 90 shares during the period. Institutional investors own 90.35% of the company’s stock.

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.