Standex International Co. (NYSE:SXI) Director Thomas J. Hansen Sells 1,661 Shares

Standex International Co. (NYSE:SXI) Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Standex International Stock Down 1.6 %

SXI stock traded down $3.45 during mid-day trading on Tuesday, reaching $207.26. The company had a trading volume of 10,563 shares, compared to its average volume of 56,438. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The stock has a 50 day simple moving average of $179.66 and a two-hundred day simple moving average of $173.95. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.96 and a beta of 1.03. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90.

Standex International (NYSE:SXI) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. As a group, equities analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.32 dividend. The ex-dividend date is Friday, November 8th. This is a boost from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 0.62%. Standex International’s payout ratio is currently 20.98%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Standex International

A number of institutional investors have recently modified their holdings of SXI. Texas Permanent School Fund Corp grew its position in Standex International by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock worth $1,684,000 after acquiring an additional 62 shares during the last quarter. GAMMA Investing LLC raised its stake in Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the period. Raymond James Trust N.A. raised its stake in Standex International by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock worth $708,000 after buying an additional 82 shares during the period. US Bancorp DE raised its stake in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares during the period. Finally, Inspire Investing LLC raised its stake in Standex International by 3.7% during the 3rd quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.