Standex International (NYSE:SXI) Shares Gap Up to $147.07

Standex International Co. (NYSE:SXI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $147.07, but opened at $150.82. Standex International shares last traded at $150.56, with a volume of 12,424 shares changing hands.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Standex International in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company. Benchmark reaffirmed a “buy” rating and set a $205.00 price objective on shares of Standex International in a research report on Monday, August 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Standex International in a research report on Tuesday, July 18th.

Standex International Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 3.43 and a quick ratio of 2.73. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.08 and a beta of 1.17. The firm has a 50-day moving average price of $150.93 and a two-hundred day moving average price of $136.71.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Standex International had a return on equity of 14.44% and a net margin of 18.76%. The company had revenue of $188.33 million during the quarter, compared to analysts’ expectations of $184.81 million. During the same period in the prior year, the firm earned $1.54 earnings per share. Standex International’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standex International Co. will post 7.72 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Wednesday, August 9th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.12 annualized dividend and a yield of 0.76%. Standex International’s payout ratio is presently 9.60%.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 3,100 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $149.51, for a total transaction of $463,481.00. Following the sale, the chief financial officer now owns 16,499 shares in the company, valued at $2,466,765.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Standex International news, CFO Ademir Sarcevic sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $149.51, for a total value of $463,481.00. Following the sale, the chief financial officer now owns 16,499 shares in the company, valued at $2,466,765.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sean C. Valashinas sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $155.97, for a total value of $155,970.00. Following the completion of the sale, the chief accounting officer now owns 4,832 shares in the company, valued at approximately $753,647.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,425 shares of company stock worth $983,567. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Standex International

Several institutional investors and hedge funds have recently bought and sold shares of SXI. State of Wyoming bought a new stake in Standex International in the second quarter valued at approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Standex International during the fourth quarter worth approximately $34,000. Covestor Ltd increased its stake in shares of Standex International by 9,533.3% during the second quarter. Covestor Ltd now owns 289 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 286 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Standex International by 230.7% during the first quarter. Tower Research Capital LLC TRC now owns 334 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 233 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of Standex International by 140.3% during the first quarter. Benjamin Edwards Inc. now owns 459 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 268 shares during the period. Institutional investors own 88.80% of the company’s stock.

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.