Standex International Co. (NYSE:SXI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Standex International Co. (NYSE:SXI) have been assigned a consensus recommendation of “Buy” from the four brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $231.33.

SXI has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. William Blair reissued an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Roth Capital raised shares of Standex International to a “strong-buy” rating in a report on Wednesday. Finally, StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Standex International Stock Up 10.5 %

Shares of NYSE SXI opened at $147.99 on Thursday. Standex International has a 52-week low of $130.05 and a 52-week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.76 billion, a PE ratio of 32.31, a P/E/G ratio of 2.63 and a beta of 0.95. The firm has a fifty day moving average of $175.38 and a 200-day moving average of $185.55.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, analysts anticipate that Standex International will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.86%. Standex International’s dividend payout ratio is currently 27.95%.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Standex International

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock worth $265,283,000 after purchasing an additional 15,518 shares during the period. Champlain Investment Partners LLC increased its position in shares of Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock worth $109,283,000 after purchasing an additional 11,774 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock worth $98,066,000 after purchasing an additional 64,373 shares during the last quarter. State Street Corp boosted its stake in Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after purchasing an additional 46,869 shares during the period. 90.35% of the stock is currently owned by institutional investors.

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.