Standex Int'l Corp. (SXI) Receives $120.50 Consensus Target Price from Analysts

Standex Int'l Corp. (NYSE:SXI) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $120.50.

A number of equities research analysts recently weighed in on SXI shares. ValuEngine cut Standex Int'l from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet cut Standex Int'l from a “b-” rating to a “c+” rating in a report on Monday. B. Riley reaffirmed a “buy” rating and set a $125.00 price target on shares of Standex Int'l in a report on Wednesday, January 31st. Finally, CL King started coverage on Standex Int'l in a report on Wednesday, November 29th. They set a “buy” rating and a $116.00 price target for the company.

Shares of Standex Int'l (NYSE:SXI) opened at $98.15 on Monday. Standex Int'l has a twelve month low of $84.30 and a twelve month high of $110.00. The firm has a market capitalization of $1,241.25, a price-to-earnings ratio of 37.68 and a beta of 1.53. The company has a current ratio of 2.34, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

Standex Int'l (NYSE:SXI) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. Standex Int'l had a return on equity of 14.98% and a net margin of 3.99%. The firm had revenue of $209.75 million during the quarter, compared to analysts’ expectations of $197.38 million. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 20.6% on a year-over-year basis. equities analysts anticipate that Standex Int'l will post 5.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be given a $0.18 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.72 dividend on an annualized basis and a yield of 0.73%. Standex Int'l’s payout ratio is 27.80%.

A number of institutional investors and hedge funds have recently made changes to their positions in SXI. Janus Henderson Group PLC bought a new position in Standex Int'l in the 2nd quarter valued at $26,196,000. Millennium Management LLC boosted its position in Standex Int'l by 4,322.9% in the 4th quarter. Millennium Management LLC now owns 180,011 shares of the industrial products company’s stock valued at $18,334,000 after buying an additional 175,941 shares during the last quarter. Deutsche Bank AG boosted its position in Standex Int'l by 309.4% in the 4th quarter. Deutsche Bank AG now owns 49,668 shares of the industrial products company’s stock valued at $5,057,000 after buying an additional 37,536 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Standex Int'l in the 4th quarter valued at $3,743,000. Finally, BlackRock Inc. boosted its position in Standex Int'l by 2.3% in the 4th quarter. BlackRock Inc. now owns 1,571,867 shares of the industrial products company’s stock valued at $160,096,000 after buying an additional 35,728 shares during the last quarter. Hedge funds and other institutional investors own 85.09% of the company’s stock.

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About Standex Int'l

Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.

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