Today, Standex International Corp. (SXI) Insider Sold $152,349.75 in Stock

Today, Standex International Corp. (SXI) Insider Sold $152,349.75 in Stock

Standex International Corp. (NYSE:SXI) insider Paul C. Burns sold 1,707 shares of Standex International Corp. stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $89.25, for a total transaction of $152,349.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Standex International Corp. (NYSE:SXI) traded down 0.61% on Monday, reaching $89.60. 36,958 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $84.62 and its 200-day moving average price is $86.06. The company has a market capitalization of $1.14 billion, a P/E ratio of 22.89 and a beta of 1.48. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.29.

Standex International Corp. (NYSE:SXI) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $192.66 million. Standex International Corp. had a return on equity of 14.96% and a net margin of 6.82%. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, equities analysts anticipate that Standex International Corp. will post $4.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Monday, November 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 3rd. This is an increase from Standex International Corp.’s previous quarterly dividend of $0.14. Standex International Corp.’s payout ratio is presently 16.37%.

Separately, Zacks Investment Research cut shares of Standex International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.

Hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in Standex International Corp. by 239.5% in the second quarter. US Bancorp DE now owns 1,239 shares of the company’s stock valued at $102,000 after buying an additional 874 shares during the last quarter. PineBridge Investments L.P. increased its stake in Standex International Corp. by 3.6% in the second quarter. PineBridge Investments L.P. now owns 1,624 shares of the company’s stock valued at $134,000 after buying an additional 56 shares during the last quarter. BlackRock Inc. increased its stake in Standex International Corp. by 89.4% in the second quarter. BlackRock Inc. now owns 1,716 shares of the company’s stock valued at $142,000 after buying an additional 810 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Standex International Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock valued at $147,000 after buying an additional 218 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Standex International Corp. during the third quarter valued at about $186,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Standex International Corp. Company Profile

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