Standex International (NYSE:SXI) Given "Buy" Rating at Benchmark

Benchmark restated their buy rating on shares of Standex International (NYSE:SXI - Free Report) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $190.00 price objective on the industrial products company's stock.

Several other equities research analysts have also commented on SXI. StockNews.com lowered shares of Standex International from a strong-buy rating to a buy rating in a research report on Monday, February 5th. DA Davidson upped their target price on shares of Standex International from $165.00 to $200.00 and gave the company a buy rating in a report on Wednesday, March 13th.

Standex International Stock Performance

Shares of Standex International stock traded down $1.83 during trading on Friday, hitting $175.19. 110,966 shares of the company's stock traded hands, compared to its average volume of 66,611. Standex International has a 1 year low of $119.14 and a 1 year high of $184.18. The business has a 50-day simple moving average of $174.46 and a 200-day simple moving average of $156.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58. The stock has a market capitalization of $2.08 billion, a P/E ratio of 15.08, a PEG ratio of 2.68 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The firm had revenue of $177.30 million for the quarter, compared to analysts' expectations of $180.06 million. During the same period in the prior year, the firm earned $1.65 EPS. The company's revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Standex International will post 7.23 EPS for the current year.

Standex International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, May 9th. Standex International's dividend payout ratio is 10.33%.

Insider Activity

In other Standex International news, Director Barbara Joanne Edwards sold 275 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $159.82, for a total value of $43,950.50. Following the sale, the director now owns 4,536 shares in the company, valued at approximately $724,943.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Standex International news, CFO Ademir Sarcevic sold 2,428 shares of Standex International stock in a transaction on Friday, February 9th. The shares were sold at an average price of $154.31, for a total value of $374,664.68. Following the completion of the transaction, the chief financial officer now directly owns 12,071 shares of the company's stock, valued at approximately $1,862,676.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Joanne Edwards sold 275 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $159.82, for a total transaction of $43,950.50. Following the sale, the director now owns 4,536 shares in the company, valued at $724,943.52. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock worth $2,980,448 in the last three months. Company insiders own 2.28% of the company's stock.

Institutional Investors Weigh In On Standex International

Several large investors have recently added to or reduced their stakes in the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Standex International in the 4th quarter worth about $26,000. Principal Securities Inc. purchased a new position in shares of Standex International during the fourth quarter valued at approximately $26,000. Pacer Advisors Inc. bought a new position in shares of Standex International during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in shares of Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company's stock worth $35,000 after buying an additional 145 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Standex International by 341.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company's stock worth $51,000 after acquiring an additional 249 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Company Profile

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.