Paul C. Burns Sells 1,707 Shares of Standex International Corp. (SXI) Stock
Standex International Corp. (NYSE:SXI) insider Paul C. Burns sold 1,707 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $89.25, for a total transaction of $152,349.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Standex International Corp. (NYSE:SXI) opened at 88.50 on Wednesday. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.29. The stock has a market cap of $1.13 billion, a PE ratio of 22.61 and a beta of 1.48. The firm’s 50-day moving average is $84.67 and its 200 day moving average is $86.19.
Standex International Corp. (NYSE:SXI) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by $0.07. Standex International Corp. had a net margin of 6.82% and a return on equity of 14.96%. The firm had revenue of $179.60 million for the quarter, compared to the consensus estimate of $192.66 million. During the same quarter last year, the firm earned $1.34 EPS. On average, equities analysts predict that Standex International Corp. will post $4.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Monday, November 7th were issued a $0.16 dividend. The ex-dividend date was Thursday, November 3rd. This is a boost from Standex International Corp.’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.72%. Standex International Corp.’s dividend payout ratio is presently 16.37%.
Separately, Zacks Investment Research cut shares of Standex International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its position in Standex International Corp. by 334.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,917,722 shares of the company’s stock worth $45,661,000 after buying an additional 1,476,568 shares during the last quarter. FMR LLC boosted its position in Standex International Corp. by 73.7% in the second quarter. FMR LLC now owns 1,119,245 shares of the company’s stock worth $92,483,000 after buying an additional 474,942 shares during the last quarter. BlackRock Fund Advisors boosted its position in Standex International Corp. by 7.3% in the third quarter. BlackRock Fund Advisors now owns 870,436 shares of the company’s stock worth $80,837,000 after buying an additional 59,065 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Standex International Corp. by 12.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 571,457 shares of the company’s stock worth $47,220,000 after buying an additional 63,963 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its position in Standex International Corp. by 10.4% in the second quarter. Champlain Investment Partners LLC now owns 528,330 shares of the company’s stock worth $43,656,000 after buying an additional 49,980 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
About Standex International Corp.
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.
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