Insider Selling: Standex International Co. (NYSE:SXI) CFO Sells 2,000 Shares of Stock

Standex International Co. (NYSE:SXI) CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ademir Sarcevic also recently made the following trade(s):

• On Wednesday, November 20th, Ademir Sarcevic sold 1,600 shares of Standex International stock. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00.

Standex International Trading Down 1.5 %

Shares of SXI stock traded down $2.98 during mid-day trading on Tuesday, reaching $193.10. 37,429 shares of the stock traded hands, compared to its average volume of 56,157. The stock’s fifty day simple moving average is $192.31 and its two-hundred day simple moving average is $185.85. Standex International Co. has a 1-year low of $152.58 and a 1-year high of $212.65. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a quick ratio of 2.83, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, research analysts anticipate that Standex International Co. will post 8 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Benchmark raised their target price on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Monday, February 3rd. Finally, DA Davidson lifted their price objective on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Standex International

Several institutional investors and hedge funds have recently bought and sold shares of SXI. GAMMA Investing LLC boosted its stake in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Standex International in the third quarter worth approximately $44,000. Versant Capital Management Inc boosted its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 330 shares during the period. Finally, KBC Group NV boosted its position in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

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.