Standex International Corporation (SXI) To Go Ex-Dividend on November 6th

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $0.36 per share by the industrial products company on Friday, November 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 6th. This is a 5.9% increase from Standex International’s previous quarterly dividend of $0.34.

Standex International has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 14 years. Standex International has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $11.81 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 11.5%.

Standex International Trading Down 1.1%

Shares of Standex International stock opened at $240.27 on Friday. The company has a market capitalization of $2.95 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The company has a fifty day moving average of $280.13 and a 200 day moving average of $288.71. Standex International has a fifty-two week low of $215.62 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. The business had revenue of $228.25 million for the quarter, compared to analysts’ expectations of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. On average, sell-side analysts anticipate that Standex International will post 9.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SXI shares. JPMorgan Chase & Co. started coverage on Standex International in a research report on Wednesday, October 14th. They set a “neutral” rating and a $320.00 target price for the company. DA Davidson reissued a “buy” rating and set a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th. Finally, Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Standex International presently has an average rating of “Moderate Buy” and an average price target of $304.00.

Standex International Company Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.