Standex International Corp. (SXI) Director Sells $597,126.87 in Stock
Standex International Corp. (NYSE:SXI) Director William R. Fenoglio sold 6,847 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $87.21, for a total transaction of $597,126.87. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $492,910.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Standex International Corp. (NYSE:SXI) opened at 88.47 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.71 and a beta of 1.33. The firm has a 50 day moving average of $87.57 and a 200 day moving average of $83.16. Standex International Corp. has a 12-month low of $65.53 and a 12-month high of $93.10.
Standex International Corp. (NYSE:SXI) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.04. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. The business earned $193.80 million during the quarter, compared to analyst estimates of $198.61 million. During the same period in the previous year, the business posted $1.31 EPS. On average, analysts forecast that Standex International Corp. will post $5.02 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 8th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, August 4th. Standex International Corp.’s payout ratio is currently 13.76%.
A number of hedge funds have recently bought and sold shares of the stock. 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, Mason Street Advisors LLC acquired a new stake in Standex International Corp. during the second quarter valued at about $207,000. 88.52% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Standex International Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th.
Standex International Corp. Company Profile
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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