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

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Investors 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 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, May 9th.

Standex International has increased its dividend payment by an average of 8.2% annually over the last three years and has raised its dividend every year for the last 13 years. Standex International has a payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NYSE:SXI opened at $172.70 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. The firm’s fifty day simple moving average is $173.37 and its 200 day simple moving average is $155.54. Standex International has a twelve month low of $117.72 and a twelve month high of $184.18. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. As a group, research analysts predict that Standex International will post 7.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SXI shares. DA Davidson lifted their price target on shares of Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com cut shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Standex International presently has a consensus rating of “Buy” and an average target price of $195.00.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the sale, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock valued at $2,980,448 in the last three months. 2.28% of the stock is currently owned by company insiders.

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.