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

Standex International Co. (NYSE:SXI) announced 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 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, May 9th.

Standex International has increased its dividend by an average of 8.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Standex International has a dividend 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 1.3 %

Shares of NYSE SXI opened at $166.69 on Wednesday. The stock has a market cap of $1.98 billion, a PE ratio of 26.97, a P/E/G ratio of 2.69 and a beta of 1.06. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Standex International has a 12-month low of $128.27 and a 12-month high of $184.18. The company has a 50-day moving average of $174.64 and a 200 day moving average of $156.83.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business had revenue of $177.30 million during the quarter, compared to analyst estimates of $180.06 million. During the same period in the prior year, the business earned $1.65 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Standex International will post 7.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 275 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $159.82, for a total value of $43,950.50. Following the transaction, the director now owns 4,536 shares of the company’s stock, valued at $724,943.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Barbara Joanne Edwards sold 275 shares of Standex International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $159.82, for a total value of $43,950.50. Following the completion of the sale, the director now owns 4,536 shares in the company, valued at approximately $724,943.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the completion of the sale, the director now directly owns 11,370 shares in the company, valued at approximately $1,831,024.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,423 shares of company stock valued at $2,727,661. 2.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SXI shares. Barrington Research reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Standex International in a research note on Monday. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday, May 3rd. DA Davidson increased their price target on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $191.00.

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.