Standex International Corporation (NYSE:SXI) CAO Sean C. Valashinas sold 600 shares of Standex International Corporation stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total transaction of $60,396.00. Following the sale, the chief accounting officer now directly owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Standex International Corporation (NYSE:SXI) traded up $0.65 during mid-day trading on Friday, hitting $102.60. 34,762 shares of the company traded hands, compared to its average volume of 32,230. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.40. Standex International Corporation has a 1-year low of $84.30 and a 1-year high of $110.00. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 21.37 and a beta of 1.60.

Standex International Corporation (NYSE:SXI) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.17. Standex International Corporation had a net margin of 5.83% and a return on equity of 15.06%. The business had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. During the same quarter in the previous year, the business earned $1.14 EPS. Standex International Corporation’s quarterly revenue was up 19.4% compared to the same quarter last year. sell-side analysts anticipate that Standex International Corporation will post 5.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, November 8th. This is a positive change from Standex International Corporation’s previous quarterly dividend of $0.16. Standex International Corporation’s payout ratio is presently 19.67%.

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Several hedge funds have recently added to or reduced their stakes in SXI. BlackRock Inc. lifted its stake in shares of Standex International Corporation by 95,699.3% in the 1st quarter. BlackRock Inc. now owns 1,528,957 shares of the industrial products company’s stock valued at $153,126,000 after purchasing an additional 1,527,361 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Standex International Corporation in the 2nd quarter valued at $26,196,000. Victory Capital Management Inc. lifted its stake in shares of Standex International Corporation by 28.5% in the 2nd quarter. Victory Capital Management Inc. now owns 278,539 shares of the industrial products company’s stock valued at $25,263,000 after purchasing an additional 61,809 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Standex International Corporation by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,157,681 shares of the industrial products company’s stock valued at $115,941,000 after purchasing an additional 59,348 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of Standex International Corporation by 83.1% in the 2nd quarter. Copeland Capital Management LLC now owns 118,761 shares of the industrial products company’s stock valued at $10,772,000 after purchasing an additional 53,894 shares during the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. FBR & Co reissued a “buy” rating on shares of Standex International Corporation in a research note on Monday, October 2nd. B. Riley reissued a “buy” rating on shares of Standex International Corporation in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Standex International Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Finally, ValuEngine lowered shares of Standex International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Standex International Corporation currently has an average rating of “Hold” and a consensus target price of $108.50.

Standex International Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Standex International Corporation (NYSE:SXI)

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