Brokerages Set Standex International Corporation (NYSE:SXI) Target Price at $264.00

Standex International Corporation (NYSE:SXI) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $264.00.

SXI has been the subject of a number of research reports. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday. Barrington Research reiterated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research note on Thursday, November 20th. DA Davidson reissued a “buy” rating and set a $272.00 price objective on shares of Standex International in a report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Finally, Roth Capital upped their price target on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, November 3rd.

Insider Buying and Selling at Standex International

In related news, CEO David A. Dunbar sold 18,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 103,973 shares in the company, valued at approximately $24,433,655. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 1,823 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total transaction of $419,508.76. Following the completion of the transaction, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. This trade represents a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,473 shares of company stock worth $5,024,509 over the last ninety days. Company insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. Wasatch Advisors LP boosted its holdings in shares of Standex International by 62.4% in the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after acquiring an additional 332,941 shares during the period. Champlain Investment Partners LLC lifted its holdings in Standex International by 2.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock worth $94,372,000 after purchasing an additional 12,544 shares in the last quarter. Geode Capital Management LLC boosted its stake in Standex International by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock worth $44,877,000 after purchasing an additional 7,522 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Standex International by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after buying an additional 4,621 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Standex International by 2.1% during the 1st 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 in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 1.2%

Shares of Standex International stock opened at $224.27 on Tuesday. The firm has a market cap of $2.72 billion, a PE ratio of 51.44 and a beta of 1.10. Standex International has a 1 year low of $128.85 and a 1 year high of $252.78. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.87 and a quick ratio of 2.07. The stock has a fifty day moving average price of $235.39 and a 200-day moving average price of $201.45.

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

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a 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 payout ratio is currently 31.19%.

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.