Standex International (NYSE:SXI) Price Target Raised to $323.00

Standex International (NYSE:SXI) had its target price boosted by DA Davidson from $298.00 to $323.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other analysts also recently commented on SXI. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Monday, March 9th. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Standex International has a consensus rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Performance

Shares of SXI stock opened at $277.03 on Monday. Standex International has a one year low of $133.41 and a one year high of $284.71. The company’s 50-day moving average is $260.25 and its 200 day moving average is $244.78. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 62.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company had revenue of $221.32 million for the quarter, compared to the consensus estimate of $219.22 million. During the same period in the prior year, the firm posted $1.91 EPS. Standex International’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts expect that Standex International will post 8.74 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio is 30.49%.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the sale, the chief executive officer owned 88,973 shares in the company, valued at approximately $22,771,749.62. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the sale, the director owned 12,666 shares in the company, valued at approximately $3,293,160. The trade was a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,063 shares of company stock worth $4,114,860 over the last quarter. Company insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Standex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Cornerstone Planning Group LLC grew its holdings in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Financial Consulate Inc. purchased a new stake in shares of Standex International during the third quarter valued at $25,000. UMB Bank n.a. boosted its stake in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International during the third quarter valued at $28,000. Finally, Simplex Trading LLC bought a new stake in shares of Standex International in the fourth quarter valued at about $35,000. Institutional investors own 90.35% of the company’s stock.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.