Standex International Co. (NYSE:SXI) CEO David A. Dunbar Sells 2,000 Shares

Standex International Co. (NYSE:SXI) CEO David A. Dunbar sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $95.00, for a total value of $190,000.00.

Shares of SXI traded up $1.04 during trading on Monday, reaching $96.32. The company’s stock had a trading volume of 1,199 shares, compared to its average volume of 61,852. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 68.65, a P/E/G ratio of 1.40 and a beta of 1.37. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $85.34 and a two-hundred day moving average of $71.16. Standex International Co. has a twelve month low of $37.50 and a twelve month high of $96.08.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Wednesday, February 3rd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Standex International had a net margin of 2.74% and a return on equity of 9.39%. During the same period last year, the firm earned $1.03 earnings per share. As a group, equities analysts forecast that Standex International Co. will post 4.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 25th. Stockholders of record on Wednesday, February 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, February 9th. Standex International’s payout ratio is currently 27.51%.

Hedge funds have recently modified their holdings of the company. Vantage Consulting Group Inc acquired a new position in Standex International in the fourth quarter worth about $39,000. Fieldpoint Private Securities LLC bought a new position in Standex International during the 4th quarter worth approximately $42,000. Veriti Management LLC acquired a new position in shares of Standex International in the 4th quarter worth approximately $73,000. Hanson & Doremus Investment Management increased its holdings in shares of Standex International by 96.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 1,020 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 500 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Standex International by 9.2% during the 4th quarter. US Bancorp DE now owns 1,814 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 153 shares in the last quarter. 85.50% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Barrington Research increased their price objective on shares of Standex International from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, February 5th. They noted that the move was a valuation call. TheStreet raised shares of Standex International from a “c” rating to a “b-” rating in a report on Friday, October 30th. Finally, Zacks Investment Research lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Standex International currently has a consensus rating of “Buy” and an average price target of $83.75.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

Further Reading: Technical Analysis

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