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

Standex International Co. (NYSE:SXIGet Free Report) declared a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders 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 annualized dividend and a yield of 0.68%.

Standex International has increased its dividend by an average of 7.6% annually over the last three years and has increased its dividend every year for the last 15 years. Standex International has a dividend payout ratio of 13.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

SXI stock traded down $0.74 during midday trading on Friday, hitting $189.56. The company’s stock had a trading volume of 1,562 shares, 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 firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a 12 month low of $141.90 and a 12 month high of $212.65. The company has a 50 day moving average of $196.18 and a two-hundred day moving average of $184.75.

Standex International (NYSE:SXIGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the prior year, the firm posted $1.74 EPS. Standex International’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts expect that Standex International will post 7.84 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Wednesday, October 30th. Benchmark raised their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

View Our Latest Stock Report on Standex International

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated 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 $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 is available through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the transaction, the chief financial officer now owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Standex International Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Standex International (NYSE:SXI)

Receive News & Ratings for Standex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International and related companies with MarketBeat.com's FREE daily email newsletter.