Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells 3,800 Shares of Stock

Standex International Co. (NYSE:SXI - Get Free Report) CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Standex International Price Performance

SXI stock traded up $20.32 during trading on Wednesday, reaching $205.65. The company's stock had a trading volume of 83,138 shares, compared to its average volume of 56,723. Standex International Co. has a 1 year low of $130.04 and a 1 year high of $210.14. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.48 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 2.65 and a beta of 1.03. The company's fifty day moving average is $177.16 and its 200-day moving average is $172.91.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the prior year, the business posted $1.74 EPS. Standex International's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts expect that Standex International Co. will post 7.63 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently declared 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 represents a $1.28 dividend on an annualized basis and a 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's dividend payout ratio is presently 20.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SXI. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th. Benchmark raised their target price on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. StockNews.com raised Standex International from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Finally, DA Davidson raised their target price on Standex International from $203.00 to $211.00 and gave the stock a "buy" rating in a report on Monday, August 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SXI. GAMMA Investing LLC grew its position in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Standex International during the second quarter valued at about $32,000. US Bancorp DE grew its position in shares of Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Standex International by 95.5% during the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 358 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Standex International by 18,180.0% during the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company's stock valued at $167,000 after purchasing an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

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.