Standex International Co. (NYSE:SXI) Declares Quarterly Dividend of $0.30

Standex International Co. (NYSE:SXI) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Friday, May 10th will be given 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 dividend yield of 0.70%.

Standex International has raised its dividend payment by an average of 8.2% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Standex International has a payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 0.7 %

NYSE SXI opened at $171.37 on Thursday. Standex International has a 12 month low of $117.24 and a 12 month high of $184.18. The company has a market capitalization of $2.03 billion, a P/E ratio of 14.75, a PEG ratio of 2.65 and a beta of 1.03. The company’s 50 day simple moving average is $172.86 and its 200 day simple moving average is $155.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) 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 analyst estimates of $180.25 million. During the same quarter in the previous year, the business posted $1.74 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts expect that Standex International will post 7.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SXI. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. DA Davidson boosted their price objective on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Standex International presently has an average rating of “Buy” and a consensus target price of $195.00.

Insider Buying and Selling

In other Standex International news, 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 transaction of $247,577.48. Following the sale, the vice president now directly owns 19,224 shares of the company’s stock, valued at approximately $2,939,734.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO David A. Dunbar sold 4,901 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at $10,319,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alan J. Glass sold 1,619 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $152.92, for a total transaction of $247,577.48. Following the sale, the vice president now owns 19,224 shares of the company’s stock, valued at $2,939,734.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,084 shares of company stock valued at $2,980,448. Company insiders own 2.28% of the company’s stock.

About Standex International

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.