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

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $223.33.

A number of research firms have issued reports on SXI. DA Davidson decreased their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the transaction, the director directly owned 5,259 shares of the company's stock, valued at $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Standex International

A number of hedge funds have recently made changes to their positions in SXI. Maryland State Retirement & Pension System boosted its stake in Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after buying an additional 66 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of 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 valued at $53,000 after acquiring an additional 76 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Standex International by 5.4% during the 2nd quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 77 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Standex International by 25.9% in the first 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 in the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Trading Up 0.4%

Shares of NYSE SXI traded up $0.58 during mid-day trading on Friday, hitting $156.84. The stock had a trading volume of 92,020 shares, compared to its average volume of 66,877. The business has a 50 day moving average price of $156.56 and a two-hundred day moving average price of $165.79. Standex International has a 1 year low of $128.85 and a 1 year high of $212.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40. The firm has a market cap of $1.89 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $203.71 million. During the same quarter last year, the business posted $1.75 EPS. The business's revenue was up 17.2% on a year-over-year basis. On average, equities analysts anticipate that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.82%. Standex International's dividend payout ratio (DPR) is 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.