Standex International Corporation (NYSE:SXI) opened at 96.15 on Monday. Standex International Corporation has a 52-week low of $66.51 and a 52-week high of $99.80. The firm’s 50-day moving average price is $90.23 and its 200 day moving average price is $88.28. The firm has a market cap of $1.23 billion, a PE ratio of 25.63 and a beta of 1.41.
Standex International Corporation (NYSE:SXI) Director Thomas E. Chorman sold 906 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $96.85, for a total value of $87,746.10. Following the completion of the transaction, the director now owns 10,128 shares in the company, valued at approximately $980,896.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings results on Friday, February 3rd. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The firm had revenue of $173.90 million for the quarter, compared to analyst estimates of $175.75 million. Standex International Corporation had a net margin of 6.61% and a return on equity of 14.79%. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, equities analysts anticipate that Standex International Corporation will post $4.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Investors of record on Thursday, February 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 7th. Standex International Corporation’s dividend payout ratio is 17.07%.
A number of institutional investors have recently bought and sold shares of SXI. US Bancorp DE raised its position in Standex International Corporation by 9.3% in the third quarter. US Bancorp DE now owns 1,354 shares of the company’s stock worth $126,000 after buying an additional 115 shares in the last quarter. Teacher Retirement System of Texas raised its position in Standex International Corporation by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock worth $147,000 after buying an additional 218 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Standex International Corporation during the third quarter worth approximately $200,000. Mason Street Advisors LLC purchased a new position in Standex International Corporation during the second quarter worth approximately $207,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Standex International Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,840 shares of the company’s stock worth $264,000 after buying an additional 50 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.
SXI has been the topic of several recent research reports. CJS Securities initiated coverage on Standex International Corporation in a research report on Monday, December 12th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Standex International Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Finally, Sidoti cut Standex International Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a research report on Monday, December 19th.
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.