Standex International (NYSE:SXI) Announces Earnings Results

Standex International (NYSE:SXI) announced its quarterly earnings data on Thursday. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 0.9 %

Shares of NYSE:SXI traded up $1.59 during midday trading on Thursday, reaching $186.74. The company had a trading volume of 39,977 shares, compared to its average volume of 45,894. The stock has a market capitalization of $2.26 billion, a P/E ratio of 30.61, a PEG ratio of 2.72 and a beta of 1.07. The stock’s fifty day moving average price is $195.00 and its 200-day moving average price is $185.46. 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 has a one year low of $141.90 and a one year high of $212.65.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SXI shares. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Tuesday. Benchmark increased 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.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 1,600 shares of the company’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 transaction of $319,696.00. Following the completion of the transaction, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction 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 sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,061 shares of company stock valued at $1,359,419. Insiders own 2.10% 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.