Ademir Sarcevic Sells 2,000 Shares of Standex International Co. (NYSE:SXI) Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, November 20th, Ademir Sarcevic sold 1,600 shares of Standex International stock. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00.

Standex International Trading Down 2.0 %

NYSE SXI opened at $190.13 on Thursday. 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 firm has a market cap of $2.26 billion, a PE ratio of 41.51, a P/E/G ratio of 2.68 and a beta of 1.06. Standex International Co. has a one year low of $152.58 and a one year high of $212.65. The firm’s fifty day moving average is $191.64 and its two-hundred day moving average is $185.93.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Analysts expect that Standex International Co. will post 8 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. Standex International’s dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXI. DA Davidson lifted their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Benchmark lifted their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Monday, February 3rd. Finally, StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC purchased a new stake in shares of Standex International in the third quarter valued at about $250,000. State Street Corp boosted its holdings in shares of Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after acquiring an additional 23,786 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after acquiring an additional 3,844 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after acquiring an additional 4,281 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Standex International in the third quarter valued at about $770,000. Hedge funds and other institutional investors own 90.35% 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.