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

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

A number of brokerages have recently issued reports on SXI. William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. DA Davidson lowered their target price on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

Insider Transactions at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the company'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 sale, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Standex International

Large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings in shares of Standex International by 1,619.8% in the 1st quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company's stock worth $21,119,000 after purchasing an additional 123,251 shares during the last quarter. First Hawaiian Bank raised its position in Standex International by 23.3% in the first quarter. First Hawaiian Bank now owns 3,089 shares of the industrial products company's stock worth $499,000 after acquiring an additional 583 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Standex International by 4.1% during the 1st quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company's stock worth $401,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after acquiring an additional 196 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock valued at $5,919,000 after purchasing an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 1.4%

Shares of NYSE:SXI traded up $2.24 during trading on Tuesday, hitting $159.35. 148,674 shares of the company were exchanged, compared to its average volume of 79,094. Standex International has a 12-month low of $128.85 and a 12-month high of $212.65. The stock has a market capitalization of $1.92 billion, a P/E ratio of 31.49, a PEG ratio of 2.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56. The firm's 50 day moving average price is $150.97 and its 200-day moving average price is $169.52.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The business had revenue of $207.78 million for the quarter, compared to analysts' expectations of $203.71 million. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The business's revenue was up 17.2% compared to the same quarter last year. On average, research analysts predict that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio is currently 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.