Standex International Corporation (NYSE:SXI) Stock Has Average Price Target of $298.67

Key Points

• Analysts rate Standex International “Moderate Buy,” with three buy ratings and two holds; the average 12-month price target is $298.67.
• Standex exceeded quarterly expectations, reporting $2.45 in EPS and $228.25 million in revenue, while revenue rose 2.8% year over year.
• The company paid a quarterly dividend of $0.34, equal to a 0.5% annual yield, while institutional investors own approximately 90.35% of outstanding shares.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $298.67.

A number of research firms recently weighed in on SXI. DA Davidson reaffirmed a "buy" rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday, August 20th. Weiss Ratings cut Standex International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, September 18th.

Standex International Stock Up 1.3%

NYSE:SXI opened at $288.77 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. The firm's 50-day moving average price is $293.24 and its 200-day moving average price is $286.92. The company has a market capitalization of $3.55 billion, a PE ratio of 33.31, a P/E/G ratio of 3.18 and a beta of 1.07. Standex International has a 1-year low of $209.85 and a 1-year high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. During the same quarter in the previous year, the firm posted $2.28 earnings per share. Standex International's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Standex International will post 9.96 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International's payout ratio is 15.69%.

Insider Activity

In other news, CEO David Dunbar sold 13,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the transaction, the chief executive officer owned 75,973 shares in the company, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,100 shares of company stock valued at $3,810,182 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Standex International during the 2nd quarter valued at about $640,120,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Standex International during the 2nd quarter valued at $149,891,000. Bank of New York Mellon Corp purchased a new stake in shares of Standex International in the 2nd quarter worth $65,337,000. Bank of America Corp DE purchased a new stake in shares of Standex International in the 2nd quarter worth $13,066,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Standex International in the 2nd quarter worth $11,862,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Company Profile

Standex International Corporation NYSE: SXI is a diversified manufacturing company headquartered in Salem, New Hampshire. Founded in 1955, the company designs and produces specialized industrial and commercial products for customers in a range of global markets.

Standex's businesses include electronic components and systems such as sensors, reed switches, magnetic components, fluid-level controls and high-voltage products. The company also provides precision engraving and texturing technologies used in tooling, packaging, printing and other manufacturing applications, as well as engineered hydraulic and industrial products.

Standex serves customers internationally through manufacturing and operating locations in North America, Europe and Asia.

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