Standex International Co. (NYSE:SXI) Receives $223.33 Consensus Price Target from Analysts

Standex International Co. (NYSE:SXI) has received an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $223.33.

A number of research firms have commented on SXI. DA Davidson decreased their target price on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Roth Capital upgraded Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Wall Street Zen raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd.

Standex International Price Performance

SXI stock opened at $150.87 on Friday. The business has a 50 day moving average price of $147.49 and a 200 day moving average price of $175.25. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.63 and a beta of 1.08. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. Equities research analysts anticipate that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Standex International’s dividend payout ratio is currently 25.30%.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director now owns 5,259 shares of the company’s stock, valued at approximately $821,087.67. This trade represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Standex International

A number of institutional investors have recently bought and sold shares of SXI. Vanguard Group Inc. grew its stake in Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after acquiring an additional 15,518 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Standex International by 1.0% during the first quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company’s stock worth $95,309,000 after buying an additional 6,121 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock worth $98,066,000 after buying an additional 64,373 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock worth $64,817,000 after buying an additional 46,869 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Standex International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock valued at $59,314,000 after purchasing an additional 8,923 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

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.