Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells 1,600 Shares of Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 4th, Ademir Sarcevic sold 3,800 shares of Standex International stock. The shares were sold at an average price of $181.64, for a total value of $690,232.00.

Standex International Stock Performance

Standex International stock opened at $204.62 on Friday. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. 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 $2.47 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The stock has a 50 day moving average of $185.95 and a 200-day moving average of $175.83.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.05. The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. On average, analysts expect that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analyst Weigh In

SXI has been the subject of several recent research reports. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. DA Davidson raised their price target on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th. Finally, Benchmark raised their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Standex International

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Geode Capital Management LLC lifted its position in shares of Standex International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after buying an additional 9,119 shares during the last quarter. Barclays PLC lifted its holdings in Standex International by 80.7% in the third quarter. Barclays PLC now owns 22,752 shares of the industrial products company’s stock worth $4,157,000 after acquiring an additional 10,159 shares during the last quarter. MML Investors Services LLC boosted its stake in Standex International by 8.2% in the third quarter. MML Investors Services LLC now owns 9,121 shares of the industrial products company’s stock valued at $1,667,000 after acquiring an additional 694 shares during the period. Jane Street Group LLC grew its holdings in shares of Standex International by 14.9% during the third quarter. Jane Street Group LLC now owns 24,249 shares of the industrial products company’s stock valued at $4,432,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Standex International during the 3rd quarter worth approximately $2,821,000. 90.35% of the stock is owned by institutional investors and hedge funds.

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.