Standex International Corporation (NYSE:SXI) Receives $223.33 Average PT from Analysts

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

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

Standex International Stock Up 1.7%

Shares of NYSE:SXI traded up $2.63 during trading on Friday, hitting $157.49. 98,528 shares of the company's stock traded hands, compared to its average volume of 67,074. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a 50-day moving average price of $156.56 and a 200-day moving average price of $165.49. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. Standex International has a 52 week low of $128.85 and a 52 week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. As a group, research analysts forecast that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, May 9th. Standex International's payout ratio is presently 25.30%.

Insider Buying and Selling at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director owned 5,259 shares in the company, valued at approximately $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SXI. Raymond James Financial Inc. purchased a new position in Standex International in the 4th quarter valued at approximately $11,296,000. Swiss National Bank increased its stake in Standex International by 0.9% in the fourth quarter. Swiss National Bank now owns 23,400 shares of the industrial products company's stock valued at $4,376,000 after purchasing an additional 200 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Standex International by 17.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,121 shares of the industrial products company's stock valued at $397,000 after purchasing an additional 315 shares during the period. Royce & Associates LP boosted its holdings in shares of Standex International by 33.8% in the fourth quarter. Royce & Associates LP now owns 7,560 shares of the industrial products company's stock valued at $1,414,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Standex International in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 90.35% of the company's stock.

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.