Standex International Corporation (NYSE:SXI) Declares Quarterly Dividend of $0.32

Standex International Corporation (NYSE:SXI - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Shareholders of record on Friday, August 8th will be paid a dividend of 0.32 per share by the industrial products company on Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.80%.

Standex International has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $9.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.3%.

Standex International Stock Performance

Shares of SXI traded down $1.63 during mid-day trading on Thursday, hitting $159.81. 18,797 shares of the company's stock were exchanged, compared to its average volume of 83,762. The stock's 50-day simple moving average is $156.51 and its 200-day simple moving average is $165.19. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84. Standex International has a 52 week low of $128.85 and a 52 week high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company's revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. On average, equities research analysts expect that Standex International will post 7.9 EPS for the current year.

Insider Transactions at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the sale, the director directly owned 5,259 shares of the company's stock, valued at approximately $821,087.67. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its position in shares of Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 196 shares during the period. Jane Street Group LLC lifted its position in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after acquiring an additional 33,016 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock worth $6,474,000 after acquiring an additional 1,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company's stock worth $1,118,000 after acquiring an additional 308 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Standex International by 13.7% in the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company's stock worth $851,000 after acquiring an additional 634 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SXI has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Barrington Research restated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. Finally, DA Davidson dropped their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $223.33.

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.

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