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

Shares of Standex International Co. (NYSE:SXI - Get Free Report) have been assigned a consensus rating of "Buy" from the five brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $223.33.

A number of equities analysts recently commented on the company. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson decreased their target price on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday. Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. William Blair restated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, Barrington Research reiterated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Friday, May 2nd.

Standex International Stock Up 0.9 %

Shares of NYSE:SXI traded up $1.44 during trading on Monday, hitting $154.61. The company's stock had a trading volume of 7,438 shares, compared to its average volume of 69,430. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The stock's 50-day moving average price is $155.73 and its two-hundred day moving average price is $180.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The company has a market capitalization of $1.87 billion, a PE ratio of 33.76, a PEG ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI - Get Free Report) last announced 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. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same period in the prior year, the company posted $1.75 EPS. Standex International's quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts expect that Standex International will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. Standex International's payout ratio is currently 25.30%.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 16,086 shares of the company's stock, valued at $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Standex International

A number of hedge funds have recently made changes to their positions in the business. Whipplewood Advisors LLC increased its position 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 acquiring an additional 193 shares during the period. Whittier Trust Co. increased its holdings in shares of Standex International by 46.3% during the first 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 during the period. TD Private Client Wealth LLC raised its stake in shares of Standex International by 29.9% during the first 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. Versant Capital Management Inc lifted its holdings in Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after purchasing an additional 64 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after buying an additional 330 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

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.