Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Standex International Corporation (NYSE:SXI) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $223.50.

SXI has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. Roth Capital restated a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a research note on Monday, August 4th. DA Davidson raised their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Activity

In related news, CEO David A. Dunbar sold 11,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $215.00, for a total transaction of $2,365,000.00. Following the completion of the transaction, the chief executive officer directly owned 121,973 shares of the company’s stock, valued at approximately $26,224,195. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the transaction, the director owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,992 shares of company stock worth $6,171,179 in the last quarter. 2.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Standex International

A number of large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in shares of Standex International by 62.4% in the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock valued at $135,642,000 after acquiring an additional 332,941 shares during the period. Champlain Investment Partners LLC lifted its stake in Standex International by 2.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock valued at $94,372,000 after purchasing an additional 12,544 shares during the last quarter. Geode Capital Management LLC increased its position in Standex International by 2.7% during the second quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock worth $44,877,000 after buying an additional 7,522 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Standex International by 636.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after buying an additional 207,961 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Standex International by 2.1% in the first quarter. Northern Trust Corp now owns 209,316 shares of the industrial products company’s stock valued at $33,782,000 after buying an additional 4,389 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 1.1%

Standex International stock opened at $215.86 on Thursday. The company has a 50 day moving average of $201.62 and a 200-day moving average of $170.15. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. Standex International has a twelve month low of $128.85 and a twelve month high of $218.62. The stock has a market capitalization of $2.61 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.72 and a beta of 1.15.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. On average, equities research analysts anticipate that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.32 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is presently 27.59%.

About Standex International

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.