Standex International Co. (NYSE:SXI) Given Average Recommendation of "Buy" by Brokerages

Shares of Standex International Co. (NYSE:SXI - Get Free Report) have been assigned an average rating of "Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $223.33.

A number of analysts have recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Friday, May 2nd. Roth Capital raised Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, DA Davidson cut their target price on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th.

Insider Buying and Selling

In related news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its holdings in shares of Standex International by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock worth $761,000 after purchasing an additional 66 shares in the last quarter. Whittier Trust Co. grew its stake in Standex International by 46.3% during the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after buying an additional 69 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 buying an additional 76 shares during the period. 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 buying an additional 78 shares during the period. Finally, Moody National Bank Trust Division raised its position in shares of Standex International by 6.8% in the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after buying an additional 90 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Up 1.7%

Shares of NYSE:SXI traded up $2.48 during midday trading on Friday, hitting $150.87. The stock had a trading volume of 26,415 shares, compared to its average volume of 57,409. The company has a market cap of $1.82 billion, a P/E ratio of 32.94, a PEG ratio of 2.63 and a beta of 1.08. Standex International has a 12 month low of $128.85 and a 12 month high of $212.66. The business's 50-day simple moving average is $147.49 and its 200-day simple moving average is $175.25. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

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

Standex International Announces Dividend

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