Analysts Set Standex International Co. (NYSE:SXI) PT at $223.33

Standex International Co. (NYSE:SXI - Get Free Report) has been assigned an average rating of "Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $223.33.

A number of research firms have recently commented on SXI. Roth Capital upgraded Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. Wall Street Zen upgraded Standex International from a "hold" rating to a "buy" rating in a research report on Saturday. William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, DA Davidson dropped their price target on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th.

Insider Activity at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director now directly owns 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. increased its holdings in Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 196 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 76 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 78 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Trading Down 1.7%

Shares of SXI traded down $2.66 during midday trading on Friday, hitting $151.39. 64,136 shares of the stock were exchanged, compared to its average volume of 57,494. Standex International has a 52-week low of $128.85 and a 52-week high of $212.66. The stock has a fifty day simple moving average of $148.18 and a 200 day simple moving average of $176.18. The firm has a market cap of $1.83 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The firm had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Standex International's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $1.75 earnings per share. On average, research analysts anticipate that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is 25.30%.

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.