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

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Investors of record on Friday, November 8th will be paid a dividend of 0.32 per share by the industrial products company on Friday, November 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, November 8th. This is a positive change from Standex International’s previous quarterly dividend of $0.30.

Standex International has increased its dividend payment by an average of 8.2% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Standex International has a dividend payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $8.80 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 14.5%.

Standex International Trading Up 11.0 %

Shares of SXI stock opened at $205.65 on Thursday. The stock has a 50-day moving average of $177.78 and a 200-day moving average of $173.14. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.65 and a beta of 1.03. Standex International has a 1-year low of $130.04 and a 1-year high of $210.14.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same period in the prior year, the firm posted $1.74 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities research analysts forecast that Standex International will post 7.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SXI shares. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark boosted their price target on 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 restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Wednesday, October 30th. Finally, DA Davidson lifted their price objective on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 3,800 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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.