Standex International Corp. (SXI) CEO Sells $391,149.00 in Stock
Standex International Corp. (NYSE:SXI) CEO David A. Dunbar sold 4,455 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $87.80, for a total transaction of $391,149.00. Following the transaction, the chief executive officer now owns 46,145 shares in the company, valued at approximately $4,051,531. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Standex International Corp. (NYSE:SXI) traded up 0.29% on Friday, hitting $87.95. 53,668 shares of the stock traded hands. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 22.46 and a beta of 1.48. The firm’s 50 day moving average is $85.10 and its 200 day moving average is $85.68. Standex International Corp. has a 52 week low of $65.53 and a 52 week high of $93.29.
Standex International Corp. (NYSE:SXI) last released its earnings results on Friday, October 28th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by $0.07. The business earned $179.60 million during the quarter, compared to the consensus estimate of $192.66 million. Standex International Corp. had a net margin of 6.82% and a return on equity of 14.96%. During the same period last year, the business posted $1.34 EPS. Equities analysts anticipate that Standex International Corp. will post $4.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Monday, November 7th will be given a $0.16 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 0.73%. This is an increase from Standex International Corp.’s previous quarterly dividend of $0.14. Standex International Corp.’s dividend payout ratio (DPR) is 16.37%.
Separately, Zacks Investment Research downgraded shares of Standex International Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 1st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its position in Standex International Corp. by 334.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,917,722 shares of the company’s stock worth $45,661,000 after buying an additional 1,476,568 shares during the period. FMR LLC increased its position in Standex International Corp. by 73.7% in the second quarter. FMR LLC now owns 1,119,245 shares of the company’s stock worth $92,483,000 after buying an additional 474,942 shares during the period. BlackRock Fund Advisors increased its position in Standex International Corp. by 7.3% in the third quarter. BlackRock Fund Advisors now owns 870,436 shares of the company’s stock worth $80,837,000 after buying an additional 59,065 shares during the period. Silvercrest Asset Management Group LLC increased its position in Standex International Corp. by 12.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 571,457 shares of the company’s stock worth $47,220,000 after buying an additional 63,963 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Standex International Corp. by 10.4% in the second quarter. Champlain Investment Partners LLC now owns 528,330 shares of the company’s stock worth $43,656,000 after buying an additional 49,980 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.
About Standex International Corp.
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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