Standex International Corporation (NYSE:SXI) Given Average Rating of "Buy" by Analysts

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have been given a consensus recommendation of "Buy" by the five analysts that are covering the stock, MarketBeat 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 brokerages that have issued a report on the stock in the last year is $223.33.

Several equities analysts recently issued reports on the stock. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Barrington Research reiterated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, DA Davidson decreased 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.

Standex International Stock Performance

Shares of NYSE SXI opened at $159.05 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. Standex International has a 12 month low of $128.85 and a 12 month high of $212.66. The company has a 50 day simple moving average of $149.71 and a two-hundred day simple moving average of $170.01. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.27 and a beta of 1.07.

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 the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The business had revenue of $207.78 million during the quarter, compared to analysts' expectations of $203.71 million. During the same period in the previous year, the business posted $1.75 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, analysts predict that Standex International will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's payout ratio is presently 25.30%.

Insider Buying and Selling

In related news, Director Barbara Joanne Edwards sold 355 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were 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 owns 5,259 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

A number of large investors have recently modified their holdings of the business. Voya Investment Management LLC grew its holdings in shares of Standex International by 1,619.8% during the first quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company's stock worth $21,119,000 after buying an additional 123,251 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Standex International by 23.3% during the first quarter. First Hawaiian Bank now owns 3,089 shares of the industrial products company's stock worth $499,000 after buying an additional 583 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Standex International by 4.1% during the first quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company's stock worth $401,000 after buying an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after buying an additional 196 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after buying an additional 33,016 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

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.

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