Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of "Buy" from Analysts

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 received an average rating of "Buy" from the five analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $223.50.

A number of equities analysts have issued reports on SXI shares. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. DA Davidson lifted their target price on shares of Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Barrington Research restated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Tuesday, July 29th. Finally, 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 research report on Monday, August 4th.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 193 shares during the period. Whittier Trust Co. grew its holdings in 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 purchasing an additional 69 shares during the period. Geneos Wealth Management Inc. grew its holdings in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 196 shares during the period. TD Private Client Wealth LLC grew its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 76 shares during the period. Finally, Versant Capital Management Inc grew its holdings in 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 during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Stock Up 4.6%

Shares of NYSE SXI opened at $196.75 on Wednesday. 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 has a 50-day moving average price of $164.43 and a 200 day moving average price of $164.31. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11.

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

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.7%. Standex International's payout ratio is 27.59%.

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.

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