Standex International (NYSE:SXI) CEO David Dunbar Sells 11,000 Shares

Standex International Corporation (NYSE:SXI) CEO David Dunbar sold 11,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $215.00, for a total transaction of $2,365,000.00. Following the completion of the sale, the chief executive officer owned 121,973 shares in the company, valued at $26,224,195. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Standex International Price Performance

Shares of SXI opened at $206.02 on Friday. Standex International Corporation has a twelve month low of $128.85 and a twelve month high of $215.77. The firm’s fifty day simple moving average is $190.79 and its 200-day simple moving average is $167.87. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.74 and a beta of 1.12. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same period last year, the business earned $1.76 EPS. The company’s revenue was up 23.2% on a year-over-year basis. Equities analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International’s dividend payout ratio (DPR) is currently 27.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXI. Roth Capital reiterated a “buy” rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Tuesday, July 29th. DA Davidson lifted their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $223.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Cetera Investment Advisers grew its position in Standex International by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock worth $727,000 after buying an additional 168 shares during the period. Deutsche Bank AG grew its position in shares of Standex International by 46.5% in the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company’s stock valued at $1,938,000 after purchasing an additional 3,289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Standex International by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,620 shares of the industrial products company’s stock valued at $1,238,000 after purchasing an additional 262 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Standex International by 4.1% in the fourth quarter. Two Sigma Investments LP now owns 2,545 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 100 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Standex International by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,603 shares of the industrial products company’s stock valued at $7,218,000 after purchasing an additional 5,539 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Standex International

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.