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

Standex International Co. (NYSE:SXI) Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standex International Stock Down 2.5 %

Shares of NYSE SXI opened at $205.46 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.99 and a beta of 1.03. Standex International Co. has a 1 year low of $131.96 and a 1 year high of $211.90. The stock’s 50-day simple moving average is $180.35 and its 200-day simple moving average is $174.18.

Standex International (NYSE:SXI) last announced its quarterly earnings data 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. The firm had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. Standex International’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, November 8th. Standex International’s payout ratio is presently 20.98%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th. Benchmark lifted their target price on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson lifted their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th.

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. Champlain Investment Partners LLC boosted its stake in Standex International by 4.6% in the first quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after acquiring an additional 27,990 shares during the period. Millennium Management LLC acquired a new position in Standex International in the second quarter valued at approximately $4,299,000. Lord Abbett & CO. LLC acquired a new position in Standex International in the first quarter valued at approximately $4,647,000. Squarepoint Ops LLC acquired a new position in shares of Standex International during the second quarter worth approximately $3,523,000. Finally, Raymond James & Associates boosted its position in shares of Standex International by 32.3% during the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after buying an additional 11,516 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.