Standex International Corporation (NYSE:SXI) Plans $0.34 Quarterly Dividend

Key Points

• Standex declared a $0.34 quarterly dividend (annualized $1.36) with a yield of about 0.5%; shareholders of record on May 8 will be paid on May 22 (ex-dividend May 8).
• Dividend sustainability: the company has raised its payout for 14 consecutive years and sports a low payout ratio (~15.7%), with analysts forecasting $10.05 EPS next year (implying a projected payout ratio ~13.5%).
• Recent results and valuation: Standex beat Q results (EPS $2.08 vs $2.00) with revenue up 16.6% YoY; shares trade near $275 with a PE around 61.7 and market cap about $3.33 billion.

Standex International Corporation (NYSE:SXI - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be paid a dividend of 0.34 per share by the industrial products company on Friday, May 22nd. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 8th.

Standex International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Standex International has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $10.05 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.5%.

Standex International Trading Down 0.7%

Shares of SXI stock opened at $274.95 on Friday. Standex International has a 12 month low of $133.96 and a 12 month high of $284.71. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The business's 50 day moving average is $260.61 and its two-hundred day moving average is $244.99. The company has a market cap of $3.33 billion, a PE ratio of 61.65, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million for the quarter, compared to the consensus estimate of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. Standex International's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. Equities analysts predict that Standex International will post 8.74 EPS for the current year.

Insider Buying and Selling at Standex International

In other Standex International news, Director Andy L. Nemeth purchased 2,000 shares of the firm's stock in a transaction on Wednesday, February 4th. The shares were purchased at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares of the company's stock, valued at approximately $2,116,555. This represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of Standex International stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the sale, the director owned 12,666 shares in the company, valued at $3,293,160. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,063 shares of company stock worth $4,114,860 over the last three months. 2.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Standex International by 6.8% during the third quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 44 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Standex International by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 50 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 66 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 68 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 73 shares during the period. 90.35% of the stock is owned by institutional investors.

About Standex International

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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