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

Standex International Co. (NYSE:SXI) Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the transaction, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Standex International Stock Performance

NYSE:SXI opened at $202.21 on Friday. The stock’s 50 day simple moving average is $181.71 and its two-hundred day simple moving average is $174.58. Standex International Co. has a 1 year low of $131.96 and a 1 year high of $211.90. 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 company has a market cap of $2.44 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.89 and a beta of 1.03.

Standex International (NYSE:SXI) last released its quarterly earnings data 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. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. During the same quarter last year, the business earned $1.74 earnings per share. Standex International’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 0.63%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXI. Lord Abbett & CO. LLC purchased a new position in shares of Standex International in the 1st quarter worth approximately $4,647,000. Harbor Capital Advisors Inc. raised its holdings in Standex International by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock valued at $843,000 after buying an additional 3,900 shares during the period. Boston Partners bought a new stake in Standex International in the first quarter worth $691,000. SG Americas Securities LLC purchased a new position in Standex International during the second quarter worth $743,000. Finally, Envestnet Asset Management Inc. increased its position in Standex International by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock valued at $15,901,000 after acquiring an additional 4,768 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th. Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. DA Davidson boosted their price objective on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th.

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.