Standex International (NYSE:SXI) Earns Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Standex International (NYSE:SXI) in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a $180.00 price objective on the industrial products company’s stock. Barrington Research also issued estimates for Standex International’s Q4 2024 earnings at $1.70 EPS and Q4 2025 earnings at $1.91 EPS.

SXI has been the topic of a number of other reports. StockNews.com lowered shares of Standex International from a strong-buy rating to a buy rating in a research note on Monday, February 5th. DA Davidson increased their target price on Standex International from $165.00 to $200.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. Finally, Benchmark reaffirmed a buy rating and set a $190.00 price objective on shares of Standex International in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Standex International currently has a consensus rating of Buy and an average target price of $191.00.

Standex International Stock Up 3.8 %

SXI opened at $173.07 on Monday. Standex International has a 52 week low of $130.04 and a 52 week high of $184.18. The business has a 50 day moving average price of $174.74 and a two-hundred day moving average price of $156.95. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.05 billion, a PE ratio of 28.00, a P/E/G ratio of 2.69 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.67 by $0.08. The business had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 earnings per share. As a group, research analysts anticipate that Standex International will post 7.23 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s dividend payout ratio is currently 19.42%.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total value of $825,000.00. Following the sale, the chief executive officer now owns 62,233 shares of the company’s stock, valued at $10,268,445. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $165.00, for a total value of $825,000.00. Following the sale, the chief executive officer now owns 62,233 shares of the company’s stock, valued at $10,268,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Alan J. Glass sold 1,619 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $152.92, for a total transaction of $247,577.48. Following the transaction, the vice president now directly owns 19,224 shares of the company’s stock, valued at $2,939,734.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,423 shares of company stock valued at $2,727,661. 2.63% of the stock is owned by insiders.

Institutional Trading of Standex International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates increased its position in Standex International by 4.0% during the 3rd quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company’s stock worth $1,801,000 after purchasing an additional 478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Standex International by 20.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,692 shares of the industrial products company’s stock worth $392,000 after buying an additional 461 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $293,000. Assetmark Inc. acquired a new stake in Standex International during the third quarter worth approximately $1,163,000. Finally, Teacher Retirement System of Texas grew its stake in Standex International by 114.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,802 shares of the industrial products company’s stock worth $1,865,000 after acquiring an additional 6,833 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells 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.