Gerald H. Fickenscher Sells 2,000 Shares of Standex International Corp. (SXI) Stock
Standex International Corp. (NYSE:SXI) Director Gerald H. Fickenscher sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $87.75, for a total value of $175,500.00. Following the completion of the sale, the director now owns 13,515 shares in the company, valued at $1,185,941.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Standex International Corp. (NYSE:SXI) opened at 87.95 on Monday. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.29. The company has a market capitalization of $1.12 billion, a PE ratio of 22.46 and a beta of 1.48. The stock’s 50 day moving average price is $84.91 and its 200 day moving average price is $85.73.
Standex International Corp. (NYSE:SXI) last issued its quarterly earnings results on Friday, October 28th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.18 by $0.07. Standex International Corp. had a net margin of 6.82% and a return on equity of 14.96%. The company had revenue of $179.60 million for the quarter, compared to the consensus estimate of $192.66 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts forecast that Standex International Corp. will post $4.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 7th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This is an increase from Standex International Corp.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. Standex International Corp.’s dividend payout ratio (DPR) is presently 16.37%.
Several institutional investors have recently modified their holdings of SXI. US Bancorp DE increased its position in shares of Standex International Corp. by 239.5% in the second quarter. US Bancorp DE now owns 1,239 shares of the company’s stock valued at $102,000 after buying an additional 874 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Standex International Corp. by 3.6% in the second quarter. PineBridge Investments L.P. now owns 1,624 shares of the company’s stock valued at $134,000 after buying an additional 56 shares during the period. BlackRock Inc. boosted its stake in Standex International Corp. by 89.4% in the second quarter. BlackRock Inc. now owns 1,716 shares of the company’s stock valued at $142,000 after buying an additional 810 shares during the period. Teacher Retirement System of Texas boosted its stake in Standex International Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock valued at $147,000 after buying an additional 218 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Standex International Corp. during the third quarter valued at approximately $186,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Separately, Zacks Investment Research cut Standex International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.
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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