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

Standex International (NYSE:SXI) posted its earnings results on Thursday. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23, Zacks reports. Standex International had a return on equity of 13.18% and a net margin of 10.26%.

Standex International Trading Up 0.9 %

NYSE:SXI traded up $1.59 during trading hours on Thursday, reaching $186.74. The company’s stock had a trading volume of 39,977 shares, compared to its average volume of 45,781. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.72 and a beta of 1.07. The firm has a 50-day simple moving average of $195.00 and a 200-day simple moving average of $185.46. Standex International has a 1 year low of $141.90 and a 1 year high of $212.65.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Standex International’s payout ratio is 20.98%.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 3,800 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction 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. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock worth $1,359,419 over the last three months. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SXI shares. Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Tuesday. Benchmark increased their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

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.