Brokerages Set Standex International Corporation (NYSE:SXI) Target Price at $223.50

Standex International Corporation (NYSE:SXI) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $223.50.

A number of research firms recently weighed in on SXI. Roth Capital reaffirmed a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, DA Davidson increased their price target on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research report on Monday, August 4th.

Standex International Stock Up 2.9%

Shares of Standex International stock opened at $219.43 on Thursday. The firm has a market cap of $2.65 billion, a PE ratio of 47.29, a P/E/G ratio of 2.72 and a beta of 1.15. The business’s 50 day simple moving average is $203.67 and its 200 day simple moving average is $170.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International has a 52-week low of $128.85 and a 52-week high of $219.83.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm had revenue of $222.05 million during the quarter, compared to the consensus estimate of $214.44 million. During the same quarter in the prior year, the firm posted $1.76 EPS. The business’s revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.28 annualized dividend and a yield of 0.6%. Standex International’s dividend payout ratio is 27.59%.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the sale, the director owned 8,439 shares in the company, valued at $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief executive officer owned 115,576 shares in the company, valued at $23,115,200. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,992 shares of company stock valued at $6,171,179 over the last three months. Insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in Standex International by 3.5% in the second quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock valued at $312,000 after buying an additional 68 shares during the period. Whittier Trust Co. raised its stake in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after buying an additional 69 shares during the period. TD Private Client Wealth LLC raised its stake in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after buying an additional 76 shares during the period. Maryland State Retirement & Pension System raised its stake in Standex International by 2.2% in the second quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company’s stock valued at $555,000 after buying an additional 76 shares during the period. Finally, Moody National Bank Trust Division raised its stake in Standex International by 5.4% in the second quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company’s stock valued at $233,000 after buying an additional 77 shares during the period. Institutional investors own 90.35% of the company’s stock.

Standex International Company Profile

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.