Standex International Corp. (SXI) Director William R. Fenoglio Sells 6,847 Shares of Stock
Standex International Corp. (NYSE:SXI) Director William R. Fenoglio sold 6,847 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $87.21, for a total value of $597,126.87. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $492,910.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Standex International Corp. (NYSE:SXI) opened at 88.87 on Thursday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 21.80 and a beta of 1.33. Standex International Corp. has a 1-year low of $65.53 and a 1-year high of $93.10. The stock’s 50 day moving average price is $87.59 and its 200-day moving average price is $83.20.
Standex International Corp. (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by $0.04. Standex International Corp. had a return on equity of 15.95% and a net margin of 6.93%. The company earned $193.80 million during the quarter, compared to the consensus estimate of $198.61 million. During the same period last year, the business earned $1.31 EPS. On average, equities research analysts forecast that Standex International Corp. will post $5.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Monday, August 8th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, August 4th. Standex International Corp.’s dividend payout ratio (DPR) is currently 13.76%.
Separately, Zacks Investment Research raised Standex International Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th.
Several hedge funds and other institutional investors have recently bought and sold shares of SXI. US Bancorp DE increased its position in 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 period. PineBridge Investments L.P. increased its stake in shares of 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. increased its stake in shares of 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 increased its stake in shares of 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, Mason Street Advisors LLC acquired a new stake in shares of Standex International Corp. during the second quarter valued at about $207,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.
About Standex International Corp.
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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