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

Key Points

• Standex International Corporation has received a consensus rating of "Buy" from five research firms, with an average twelve-month price target of $223.50.
• Recent insider transactions include Director Thomas J. Hansen selling 2,992 shares, and CEO David A. Dunbar selling 16,000 shares, indicating a decrease in insider ownership.
• The company reported stronger-than-expected earnings with a 23.2% year-over-year revenue increase, achieving a net profit of $2.28 EPS for the last quarter.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have received a consensus rating of "Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $223.50.

SXI has been the topic of a number of research reports. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Roth Capital restated a "buy" rating and set a $205.00 target price (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Tuesday, July 29th. Finally, DA Davidson lifted their price target on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th.

Insider Transactions at Standex International

In other news, Director Thomas J. Hansen sold 2,992 shares of the company's stock in a transaction dated Monday, August 18th. The shares were 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 $1,709,741.40. This represents a 26.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David A. Dunbar sold 16,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total value of $3,200,000.00. Following the transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in Standex International by 62.4% in the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company's stock worth $135,642,000 after purchasing an additional 332,941 shares during the period. Champlain Investment Partners LLC boosted its stake in Standex International by 2.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company's stock worth $94,372,000 after purchasing an additional 12,544 shares during the period. Ameriprise Financial Inc. boosted its stake in Standex International by 15.6% in the 4th 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 during the period. Geode Capital Management LLC boosted its stake in Standex International by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company's stock worth $44,877,000 after purchasing an additional 7,522 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Standex International by 636.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company's stock worth $38,796,000 after purchasing an additional 207,961 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 1.7%

Shares of NYSE SXI opened at $209.37 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. Standex International has a 52 week low of $128.85 and a 52 week high of $212.65. The firm's fifty day moving average is $182.45 and its 200 day moving average is $166.31. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 2.67 and a beta of 1.12.

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

Standex International Announces Dividend

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

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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