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

Standex International Co. (NYSE:SXI) 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 0.67%.

Standex International has raised its dividend by an average of 7.6% per year 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% meaning its dividend is sufficiently covered by earnings. Equities research 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 opened at $190.83 on Friday. The business has a 50 day simple moving average of $195.95 and a 200-day simple moving average of $184.98. The company has a market capitalization of $2.31 billion, a P/E ratio of 31.28, a PEG ratio of 2.72 and a beta of 1.07. Standex International has a twelve month low of $141.90 and a twelve month high of $212.65. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $178.94 million. During the same period last year, the firm posted $1.74 EPS. Standex International’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Standex International will post 7.84 EPS for the current year.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the completion of the sale, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. This represents a 16.18 % 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 worth $1,359,419 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SXI. Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th. Benchmark boosted their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

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.