Standex International Co. (SXI) to Issue Quarterly Dividend of $0.32 on February 28th

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.32 per share by the industrial products company on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%.

Standex International has increased its dividend payment by an average of 7.6% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Standex International has a 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 Trading Up 0.3 %

Shares of SXI stock opened at $190.83 on Friday. 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 $2.31 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.72 and a beta of 1.07. Standex International has a 12-month low of $141.90 and a 12-month high of $212.65. The firm has a 50-day moving average price of $195.95 and a 200 day moving average price of $185.14.

Standex International (NYSE:SXI) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 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 for the quarter, compared to analyst estimates of $178.94 million. During the same period in the prior year, the company earned $1.74 EPS. Standex International’s revenue for the quarter was down 7.7% on a year-over-year basis. Research analysts forecast that Standex International will post 7.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at Standex International

In other 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 value of $349,491.01. Following the transaction, the director now directly owns 11,431 shares in the company, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % 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 90 days. Insiders own 2.10% of the company’s stock.

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.