Standex International (NYSE:SXI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Standex International (NYSE:SXI) from a hold rating to a buy rating in a research note published on Sunday.

SXI has been the subject of several other research reports. Roth Capital boosted their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barrington Research reiterated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $272.00 target price on shares of Standex International in a report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Standex International Stock Performance

Standex International stock opened at $230.64 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 52.90 and a beta of 1.10. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $232.96 and a 200-day moving average of $198.09. Standex International has a 52 week low of $128.85 and a 52 week high of $249.61.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $217.43 million during the quarter, compared to analyst estimates of $215.96 million. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, analysts expect that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is a boost from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 7th. Standex International’s dividend payout ratio is currently 31.19%.

Insider Buying and Selling

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director directly owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 18,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the transaction, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. This trade represents a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,473 shares of company stock worth $7,389,509. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Hedge funds have recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in shares of Standex International in the third quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Standex International in the 3rd quarter worth approximately $28,000. AlphaQuest LLC grew its holdings in Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after buying an additional 83 shares in the last quarter. Huntington National Bank increased its position in Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 82 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its stake in Standex International by 500.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 210 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

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.