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

Key Points

• Standex International Corporation has received a consensus rating of "Buy" from five research firms, with an average 12-month price target of $223.50.
• Insider selling activity included CEO David A. Dunbar selling 11,000 shares for a total of $2,365,000, reflecting an 8.27% decrease in his ownership of the company.
• The company recently reported earnings of $2.28 EPS for the last quarter, surpassing estimates and showing a 23.2% increase in revenue year-over-year.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have been given a consensus rating of "Buy" by the five research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $223.50.

Several analysts recently commented on SXI shares. DA Davidson increased their target price on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Roth Capital restated a "buy" rating and issued a $205.00 price target (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Finally, Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Tuesday, July 29th.

Insider Activity at Standex International

In other Standex International news, CEO David A. Dunbar sold 11,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $215.00, for a total value of $2,365,000.00. Following the completion of the sale, the chief executive officer owned 121,973 shares in the company, valued at $26,224,195. This represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the completion of the sale, the director owned 8,439 shares of the company's stock, valued at approximately $1,709,741.40. The trade was a 26.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,992 shares of company stock valued at $6,171,179. 2.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Standex International by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock worth $10,361,000 after buying an additional 1,003 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Standex International by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock worth $95,309,000 after buying an additional 6,121 shares in the last quarter. Invesco Ltd. lifted its position in Standex International by 30.2% in the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock worth $11,934,000 after buying an additional 17,139 shares in the last quarter. Fifth Third Bancorp lifted its position in Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after buying an additional 157 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Standex International by 16,968.6% in the 1st quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company's stock worth $5,261,000 after buying an additional 32,410 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Standex International Stock Down 0.1%

SXI stock opened at $211.58 on Thursday. Standex International has a 12 month low of $128.85 and a 12 month high of $215.77. The firm has a market cap of $2.56 billion, a PE ratio of 45.60, a P/E/G ratio of 2.70 and a beta of 1.15. The firm has a 50 day simple moving average of $198.60 and a 200 day simple moving average of $169.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. During the same period in the prior year, the business earned $1.76 earnings per share. The business's quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts forecast that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International's dividend payout ratio is 27.59%.

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.

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