Ademir Sarcevic Sells 1,600 Shares of Standex International Co. (NYSE:SXI) Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 4th, Ademir Sarcevic sold 3,800 shares of Standex International stock. The shares were sold at an average price of $181.64, for a total value of $690,232.00.

Standex International Price Performance

Shares of NYSE:SXI opened at $204.62 on Friday. The business has a fifty day simple moving average of $185.95 and a 200-day simple moving average of $175.83. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. The company has a market cap of $2.47 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the prior year, the company posted $1.74 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SXI shares. DA Davidson boosted their price target on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Benchmark boosted their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

Institutional Trading of Standex International

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Standex International in the 2nd quarter worth about $32,000. Peterson Financial Group Inc. purchased a new position in shares of Standex International in the 3rd quarter worth about $44,000. US Bancorp DE lifted its stake in shares of Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 358 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.