Alan J. Glass Sells 1,619 Shares of Standex International Co. (NYSE:SXI) Stock

Standex International Co. (NYSE:SXIGet Free Report) VP Alan J. Glass sold 1,619 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Standex International Stock Performance

Shares of NYSE:SXI traded up $5.72 during midday trading on Monday, reaching $161.00. 89,250 shares of the company traded hands, compared to its average volume of 60,667. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. Standex International Co. has a 12 month low of $111.02 and a 12 month high of $168.81. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. The firm’s fifty day moving average price is $148.80 and its two-hundred day moving average price is $147.67.

Standex International (NYSE:SXIGet Free Report) last posted its earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business had revenue of $178.40 million during the quarter, compared to analysts’ expectations of $180.25 million. During the same period in the previous year, the business earned $1.74 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. On average, equities analysts expect that Standex International Co. will post 7.28 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, February 9th. Standex International’s payout ratio is 10.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SXI shares. DA Davidson assumed coverage on Standex International in a research note on Wednesday, December 13th. They set a “buy” rating and a $165.00 price objective on the stock. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Benchmark decreased their price objective on Standex International from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $177.50.

Read Our Latest Research Report on SXI

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SXI. Norges Bank bought a new position in shares of Standex International during the 4th quarter valued at about $12,607,000. Handelsbanken Fonder AB increased its position in shares of Standex International by 4,444.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 122,700 shares of the industrial products company’s stock valued at $17,358,000 after purchasing an additional 120,000 shares during the last quarter. Invesco Ltd. increased its position in shares of Standex International by 187.9% during the 1st quarter. Invesco Ltd. now owns 112,634 shares of the industrial products company’s stock valued at $11,254,000 after purchasing an additional 73,508 shares during the last quarter. Royce & Associates LP increased its position in shares of Standex International by 205.8% during the 1st quarter. Royce & Associates LP now owns 62,299 shares of the industrial products company’s stock valued at $7,628,000 after purchasing an additional 41,927 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Standex International by 371.2% during the 2nd quarter. Renaissance Technologies LLC now owns 49,000 shares of the industrial products company’s stock valued at $4,154,000 after purchasing an additional 38,600 shares during the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

About Standex International

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Standex International Corporation, together with subsidiaries, manufactures and sells 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.

Further Reading

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

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