Standex International Co. Declares Quarterly Dividend of $0.30 (NYSE:SXI)

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Friday, July 26th, RTT News reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.30 per share by the industrial products company on Friday, August 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%.

Standex International has increased its dividend payment by an average of 8.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Standex International has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $7.89 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.2%.

Standex International Trading Up 2.2 %

Shares of NYSE SXI traded up $4.09 during trading on Friday, reaching $189.37. The stock had a trading volume of 1,072 shares, compared to its average volume of 62,568. Standex International has a fifty-two week low of $130.04 and a fifty-two week high of $191.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. The business’s 50-day moving average price is $167.76 and its 200-day moving average price is $166.82. The company has a market cap of $2.22 billion, a P/E ratio of 29.97, a PEG ratio of 2.58 and a beta of 1.04.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. During the same period in the previous year, the firm posted $1.65 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts predict that Standex International will post 7.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on SXI shares. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Standex International in a report on Tuesday, May 28th. Finally, DA Davidson lifted their target price on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Insiders Place Their Bets

In other Standex International news, Director Charles H. Cannon, Jr. sold 2,460 shares of Standex International stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the sale, the director now directly owns 862 shares of the company’s stock, valued at approximately $153,453.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.28% of the stock is owned by company insiders.

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. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.