Standex International Corporation (SXI) Director Gerald H. Fickenscher Sells 2,000 Shares
Standex International Corporation (NYSE:SXI) Director Gerald H. Fickenscher sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the sale, the director now directly owns 9,915 shares of the company’s stock, valued at $938,355.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Standex International Corporation (NYSE:SXI) traded up 1.01% during mid-day trading on Wednesday, hitting $94.75. 38,921 shares of the stock were exchanged. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 25.98 and a beta of 1.54. The company’s 50-day moving average is $93.38 and its 200-day moving average is $92.95. Standex International Corporation has a 1-year low of $74.35 and a 1-year high of $101.24.
Standex International Corporation (NYSE:SXI) last announced its earnings results on Monday, August 28th. The industrial products company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.11. Standex International Corporation had a return on equity of 14.88% and a net margin of 6.01%. The business had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $210.05 million. During the same period in the prior year, the business posted $1.31 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Standex International Corporation will post $5.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Monday, August 7th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 3rd. Standex International Corporation’s payout ratio is presently 17.78%.
ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/standex-international-corporation-sxi-director-gerald-h-fickenscher-sells-2000-shares/1532416.html.
A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of Standex International Corporation by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 148,973 shares of the industrial products company’s stock valued at $14,920,000 after buying an additional 1,478 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Standex International Corporation by 1.5% in the first quarter. Sei Investments Co. now owns 13,694 shares of the industrial products company’s stock valued at $1,371,000 after buying an additional 200 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Standex International Corporation during the first quarter valued at approximately $242,000. UBS Asset Management Americas Inc. bought a new stake in shares of Standex International Corporation during the first quarter valued at approximately $225,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Standex International Corporation by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 187,203 shares of the industrial products company’s stock valued at $18,749,000 after buying an additional 10,367 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.
A number of analysts have recently weighed in on SXI shares. Sidoti raised shares of Standex International Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $103.00 to $115.00 in a research note on Friday, May 19th. Zacks Investment Research lowered shares of Standex International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. FBR & Co reaffirmed a “buy” rating on shares of Standex International Corporation in a research note on Tuesday, July 18th. Finally, BidaskClub raised shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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.
Receive News & Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.