Standex International Corporation (NYSE:SXI) Receives $223.50 Consensus Target Price from 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 an average rating of "Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $223.50.

Several equities research analysts have commented on SXI shares. Roth Capital restated a "buy" rating and set a $205.00 target price (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. Barrington Research reissued an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Tuesday, July 29th. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, DA Davidson lifted their price target on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research report on Monday, August 4th.

Standex International Stock Performance

Shares of Standex International stock traded up $6.66 on Friday, reaching $208.75. 99,468 shares of the stock were exchanged, compared to its average volume of 86,975. The firm has a market capitalization of $2.52 billion, a PE ratio of 44.99, a PEG ratio of 2.58 and a beta of 1.12. Standex International has a 1-year low of $128.85 and a 1-year high of $212.65. The business has a fifty day moving average price of $185.70 and a two-hundred day moving average price of $166.89. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78.

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

Standex International Announces Dividend

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

Insiders Place Their Bets

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the firm'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 transaction, the director directly owned 8,439 shares in the company, valued at approximately $1,709,741.40. This trade represents a 26.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David A. Dunbar sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief executive officer directly owned 115,576 shares in the company, valued at $23,115,200. This trade represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC grew its holdings in Standex International by 965.0% during the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after buying an additional 193 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake 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 valued at $50,000 after acquiring an additional 196 shares during the last quarter. TD Private Client Wealth LLC increased its position in Standex International by 29.9% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 78 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.