Standex International Co. (SXI) to Issue Quarterly Dividend of $0.32 on February 28th

Standex International Co. (NYSE:SXI) announced 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 0.66%. The ex-dividend date of this dividend is Friday, February 14th.

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 13.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Standex International to earn $9.71 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 13.2%.

Standex International Price Performance

Shares of Standex International stock opened at $194.29 on Wednesday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Standex International has a one year low of $152.58 and a one year high of $212.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.83. The business’s 50 day simple moving average is $192.04 and its two-hundred day simple moving average is $185.90.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Analysts forecast that Standex International will post 8 EPS for the current year.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of research reports. Benchmark lifted their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

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.