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

Key Points

• Standex International Corporation has received a consensus recommendation of "Buy" from five analysts, with an average 12-month price target of $223.50.
• Institutional investors have increased their holdings significantly, with Whipplewood Advisors LLC growing its shares by 965% in the first quarter alone.
• The company recently declared a quarterly dividend of $0.32 per share, representing an annualized amount of $1.28 and a dividend yield of 0.7%.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have been assigned an average recommendation of "Buy" from the five ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $223.50.

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

Standex International Stock Performance

NYSE:SXI traded down $1.17 on Wednesday, hitting $202.81. The company's stock had a trading volume of 101,322 shares, compared to its average volume of 138,572. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $167.63 and a two-hundred day moving average of $164.70. The firm has a market capitalization of $2.45 billion, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. Standex International has a one year low of $128.85 and a one year high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.18. The firm 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 business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. Research analysts predict that Standex International will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Standex International's dividend payout ratio is currently 27.59%.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 16,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the transaction, the chief executive officer owned 115,576 shares in the company, valued at $23,115,200. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Standex International

A number of hedge funds have recently added to or reduced their stakes in SXI. LPL Financial LLC increased its stake in shares of Standex International by 21.6% in the 4th quarter. LPL Financial LLC now owns 4,807 shares of the industrial products company's stock valued at $899,000 after purchasing an additional 853 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Standex International by 34.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,817 shares of the industrial products company's stock valued at $1,275,000 after purchasing an additional 1,744 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Standex International by 1.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company's stock valued at $18,973,000 after purchasing an additional 1,540 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Standex International by 11.5% in the 4th quarter. Bank of Montreal Can now owns 1,851 shares of the industrial products company's stock valued at $346,000 after purchasing an additional 191 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Standex International by 0.5% in the 4th quarter. Legal & General Group Plc now owns 34,422 shares of the industrial products company's stock valued at $6,437,000 after purchasing an additional 155 shares during the last quarter. Institutional investors 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.