Standex International Co. (SXI) To Go Ex-Dividend on November 8th

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.32 per share by the industrial products company on Friday, November 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, November 8th. This is a boost from Standex International’s previous quarterly dividend of $0.30.

Standex International has raised its dividend by an average of 8.2% per year 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 16.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 14.5%.

Standex International Stock Performance

Shares of SXI opened at $185.35 on Wednesday. Standex International has a 52-week low of $130.04 and a 52-week high of $191.18. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.65 and a beta of 1.03. The business’s 50 day moving average is $177.16 and its two-hundred day moving average is $172.91.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. Analysts forecast that Standex International will post 7.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th. Benchmark lifted their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, DA Davidson boosted their price target on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Standex International Company Profile

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.