Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells 2,000 Shares of Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ademir Sarcevic also recently made the following trade(s):

• On Wednesday, November 20th, Ademir Sarcevic sold 1,600 shares of Standex International stock. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00.

Standex International Stock Down 2.0 %

Shares of NYSE SXI opened at $190.13 on Thursday. Standex International Co. has a 12-month low of $152.58 and a 12-month high of $212.65. The company has a market capitalization of $2.26 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.83. The firm’s 50-day moving average is $191.64 and its two-hundred day moving average is $185.93.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities analysts anticipate that Standex International Co. will post 8 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SXI shares. Benchmark boosted their price objective on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. DA Davidson boosted their price objective on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Monday, February 3rd.

Hedge Funds Weigh In On Standex International

Institutional investors have recently modified their holdings of the company. Walleye Capital LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $250,000. State Street Corp raised its position in shares of Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after buying an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after buying an additional 3,844 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after buying an additional 4,281 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $770,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.