Standex International (NYSE:SXI) Announces Earnings Results, Beats Expectations By $0.23 EPS

Standex International (NYSE:SXI) issued its quarterly earnings data on Thursday. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23, Zacks reports. Standex International had a return on equity of 13.18% and a net margin of 10.26%.

Standex International Price Performance

Shares of NYSE SXI traded up $1.59 during midday trading on Thursday, reaching $186.74. 39,977 shares of the company traded hands, compared to its average volume of 45,894. The stock’s 50-day simple moving average is $195.00 and its 200-day simple moving average is $185.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. Standex International has a 12 month low of $141.90 and a 12 month high of $212.65. The firm has a market cap of $2.26 billion, a PE ratio of 30.61, a PEG ratio of 2.72 and a beta of 1.07.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.69%. Standex International’s dividend payout ratio is currently 20.98%.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now directly owns 11,431 shares in the company, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock worth $1,359,419 in the last quarter. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SXI has been the topic of a number of research analyst reports. Benchmark raised 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 reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday.

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.