Standex International Co. (NYSE:SXI) Receives Average Rating of "Buy" from Brokerages

Shares of Standex International Co. (NYSE:SXI - Get Free Report) have received a consensus recommendation of "Buy" from the five analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $231.33.

Several research firms have recently weighed in on SXI. William Blair reaffirmed an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Roth Capital upgraded Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Friday, February 28th. Finally, DA Davidson increased their price objective on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Standex International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock worth $265,283,000 after buying an additional 15,518 shares during the period. Champlain Investment Partners LLC grew its holdings in Standex International by 2.1% during the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company's stock valued at $109,283,000 after purchasing an additional 11,774 shares during the period. Wasatch Advisors LP increased its stake in Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after purchasing an additional 64,373 shares in the last quarter. State Street Corp raised its holdings in Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock worth $88,849,000 after purchasing an additional 23,786 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after purchasing an additional 46,869 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Stock Performance

Shares of SXI stock traded down $2.40 during mid-day trading on Thursday, reaching $140.43. The stock had a trading volume of 14,717 shares, compared to its average volume of 54,538. Standex International has a one year low of $130.05 and a one year high of $212.66. The firm has a market cap of $1.67 billion, a PE ratio of 30.66, a P/E/G ratio of 2.63 and a beta of 0.95. The firm's 50 day simple moving average is $172.38 and its 200 day simple moving average is $184.75. 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 posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, analysts forecast that Standex International will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's dividend payout ratio (DPR) is presently 27.95%.

About Standex International

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.