Standex International Co. (NYSE:SXI - Get Free Report) CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, 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 document filed with the SEC, which is available through this link.
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 value of $319,696.00.
Standex International Stock Performance
NYSE:SXI traded down $1.38 during trading hours on Friday, reaching $188.85. The stock had a trading volume of 39,937 shares, compared to its average volume of 54,914. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.83 and a current ratio of 3.37. The stock has a 50 day simple moving average of $191.03 and a 200 day simple moving average of $186.00. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The stock has a market cap of $2.25 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06.
Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, research analysts forecast that Standex International Co. will post 8 EPS for the current fiscal year.
Standex International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International's dividend payout ratio (DPR) is presently 27.95%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SXI shares. DA Davidson lifted their price target on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Monday, February 3rd. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Benchmark lifted their price target on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th.
Read Our Latest Analysis on Standex International
Hedge Funds Weigh In On Standex International
Several hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its position in shares of Standex International by 5.1% in the fourth quarter. Northern Trust Corp now owns 204,927 shares of the industrial products company's stock valued at $38,319,000 after purchasing an additional 9,974 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Standex International by 9.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,508 shares of the industrial products company's stock valued at $1,591,000 after purchasing an additional 757 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of Standex International by 486.9% in the fourth quarter. Susquehanna International Group LLP now owns 10,471 shares of the industrial products company's stock valued at $1,958,000 after purchasing an additional 8,687 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Standex International by 238.8% during the fourth quarter. Hsbc Holdings PLC now owns 4,774 shares of the industrial products company's stock valued at $896,000 after buying an additional 3,365 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in Standex International by 14.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 4,467 shares of the industrial products company's stock valued at $835,000 after buying an additional 562 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.
About Standex International
(
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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.
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