Standex International Co. Declares Quarterly Dividend of $0.32 (NYSE:SXI)

Standex International Co. (NYSE:SXI) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.32 per share by the industrial products company on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%.

Standex International has increased its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Standex International has a dividend payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.6%.

Standex International Stock Down 0.4 %

SXI traded down $0.74 during trading on Friday, hitting $189.56. 1,562 shares of the company’s stock were exchanged, compared to its average volume of 46,172. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $196.18 and its two-hundred day moving average is $184.75. Standex International has a fifty-two week low of $141.90 and a fifty-two week high of $212.65. The stock has a market cap of $2.29 billion, a P/E ratio of 31.11, a PEG ratio of 2.72 and a beta of 1.07.

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 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 net margin of 10.26% and a return on equity of 13.18%. 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 posted $1.74 earnings per share. As a group, equities analysts expect that Standex International will post 7.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SXI has been the subject of several research reports. Benchmark increased their price target 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. Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock valued at $1,359,419 over the last three months. 2.10% of the stock is owned by corporate insiders.

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.