Standex International Corporation (NYSE:SXI) Receives Average Rating of “Moderate Buy” from Brokerages

Standex International Corporation (NYSE:SXI) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $298.6667.

Several analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $350.00 target price on shares of Standex International in a research report on Thursday, August 20th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd.

Standex International Trading Down 4.3%

Shares of Standex International stock opened at $257.64 on Tuesday. The company has a market capitalization of $3.16 billion, a P/E ratio of 29.72, a P/E/G ratio of 3.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The company has a fifty day moving average of $303.24 and a 200 day moving average of $285.91. Standex International has a fifty-two week low of $199.80 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The business had revenue of $228.25 million during the quarter, compared to analyst estimates of $226.47 million. During the same quarter in the prior year, the business posted $2.28 EPS. Standex International’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Standex International will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio is currently 15.69%.

Insiders Place Their Bets

In other Standex International news, CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the sale, the chief executive officer directly owned 75,973 shares in the company, valued at approximately $22,094,467.86. The trade was a 14.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,150 shares of company stock worth $3,827,958 over the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Standex International

Several large investors have recently made changes to their positions in SXI. Cedar Mountain Advisors LLC bought a new position in shares of Standex International during the 1st quarter valued at approximately $29,000. Transamerica Financial Advisors LLC purchased a new stake in Standex International during the second quarter valued at $42,000. Allworth Financial LP purchased a new stake in Standex International during the second quarter valued at $46,000. State of Wyoming purchased a new stake in Standex International during the second quarter valued at $46,000. Finally, Persistent Asset Partners Ltd bought a new position in Standex International during the second quarter valued at $60,000. 90.35% of the stock is owned by institutional investors.

About Standex International

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that designs and produces specialized products for a range of industrial, commercial and consumer applications. The company serves customers through businesses focused on electronics, engraving, hydraulics, food service equipment and other engineered products.

Its electronics operations manufacture components and systems such as magnetic products, transformers, sensors, switches and other power and electronic technologies.