Analysts Set Standex International Corporation (NYSE:SXI) Target Price at $281.33

Standex International Corporation (NYSE:SXI) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $281.3333.

A number of brokerages recently issued reports on SXI. DA Davidson increased their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Roth Mkm raised their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st.

Insider Activity

In other news, CEO David A. Dunbar sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the completion of the transaction, the chief executive officer owned 88,973 shares of the company’s stock, valued at approximately $22,771,749.62. The trade was a 14.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total value of $104,040.00. Following the sale, the insider owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,013 shares of company stock valued at $4,101,963 in the last three months. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SXI. Financial Consulate Inc. acquired a new stake in shares of Standex International in the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its position 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 worth $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. lifted its stake in Standex International by 132.7% in the 4th 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 last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Standex International in the third quarter valued at approximately $28,000. Finally, Simplex Trading LLC bought a new stake in shares of Standex International during the fourth quarter worth $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

NYSE:SXI opened at $260.77 on Friday. Standex International has a 52 week low of $128.85 and a 52 week high of $270.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The firm’s 50-day simple moving average is $245.33 and its 200 day simple moving average is $231.11. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 58.47 and a beta of 1.09.

Standex International (NYSE:SXI) last announced its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same quarter in the prior year, the business posted $1.91 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Standex International will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

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

About Standex International

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.