Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic Sells 2,000 Shares

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ademir Sarcevic also recently made the following trade(s):

• On Wednesday, November 20th, Ademir Sarcevic sold 1,600 shares of Standex International stock. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00.

Standex International Stock Down 0.9 %

SXI opened at $194.29 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $192.04 and a 200-day moving average price of $185.90. Standex International Co. has a twelve month low of $152.58 and a twelve month high of $212.65. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.68 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings data 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%. Equities research analysts forecast that Standex International Co. will post 8 earnings per share for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.66%. Standex International’s payout ratio is 27.95%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SXI. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Benchmark lifted their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Monday, February 3rd. Finally, DA Davidson lifted their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Institutional Trading of Standex International

Several large investors have recently added to or reduced their stakes in SXI. Wasatch Advisors LP grew its position in Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after buying an additional 90,770 shares during the period. Raymond James Financial Inc. bought a new stake in Standex International during the fourth quarter valued at approximately $11,296,000. Bryn Mawr Capital Management LLC bought a new stake in Standex International during the fourth quarter valued at approximately $8,080,000. State Street Corp grew its position in Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after buying an additional 23,786 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in Standex International during the third quarter valued at approximately $2,821,000. 90.35% of the stock is currently owned by institutional investors.

Standex International Company Profile

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.