Standex International Co. (SXI) To Go Ex-Dividend on May 9th

Standex International Co. (NYSE:SXI) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Friday, May 10th will be paid a dividend of 0.30 per share by the industrial products company on Friday, May 24th. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 9th.

Standex International has raised its dividend payment by an average of 8.2% annually over the last three years and has increased its dividend every year for the last 13 years. Standex International has a payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Standex International to earn $8.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.8%.

Standex International Stock Up 0.6 %

Shares of NYSE SXI opened at $172.70 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $173.37 and its 200 day simple moving average is $155.54. Standex International has a 12-month low of $117.72 and a 12-month high of $184.18. The firm has a market cap of $2.05 billion, a PE ratio of 14.86, a P/E/G ratio of 2.64 and a beta of 1.03.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The firm had revenue of $178.40 million for the quarter, compared to the consensus estimate of $180.25 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Standex International will post 7.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 1,661 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares in the company, valued at $732,186.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Ademir Sarcevic sold 2,428 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $154.31, for a total transaction of $374,664.68. Following the completion of the transaction, the chief financial officer now owns 12,071 shares in the company, valued at $1,862,676.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara Joanne Edwards sold 1,661 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the transaction, the director now owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The disclosure for this sale can be found here. Insiders sold a total of 18,084 shares of company stock worth $2,980,448 over the last quarter. Insiders own 2.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SXI. DA Davidson upped their price objective on shares of Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Standex International presently has a consensus rating of “Buy” and a consensus price target of $195.00.

Standex International Company Profile

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.