Standex International Corp. (SXI) Insider Sells $152,349.75 in Stock
Standex International Corp. (NYSE:SXI) insider Paul C. Burns sold 1,707 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $89.25, for a total transaction of $152,349.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Standex International Corp. (NYSE:SXI) traded down 0.61% during midday trading on Monday, reaching $89.60. 36,958 shares of the company traded hands. The company’s 50 day moving average is $84.62 and its 200-day moving average is $86.06. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 22.89 and a beta of 1.48. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.29.
Standex International Corp. (NYSE:SXI) last posted its earnings results on Friday, October 28th. The company reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $192.66 million. During the same quarter last year, the business posted $1.34 earnings per share. Equities research analysts forecast that Standex International Corp. will post $4.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Monday, November 7th were issued a dividend of $0.16 per share. This is an increase from Standex International Corp.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 3rd. Standex International Corp.’s dividend payout ratio (DPR) is 16.37%.
Separately, Zacks Investment Research lowered shares of Standex International Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 1st.
Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Standex International Corp. by 6.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 104,235 shares of the company’s stock valued at $9,680,000 after buying an additional 6,005 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Standex International Corp. by 95.8% in the third quarter. Panagora Asset Management Inc. now owns 20,323 shares of the company’s stock worth $1,887,000 after buying an additional 9,946 shares during the period. Gotham Asset Management LLC increased its stake in shares of Standex International Corp. by 84.1% in the third quarter. Gotham Asset Management LLC now owns 17,682 shares of the company’s stock worth $1,642,000 after buying an additional 8,075 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Standex International Corp. during the third quarter worth approximately $792,000. Finally, UBS Group AG increased its stake in shares of Standex International Corp. by 2.3% in the third quarter. UBS Group AG now owns 17,143 shares of the company’s stock worth $1,592,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.
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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