Standex International (NYSE:SXI) Hits New 1-Year High - Still a Buy?

Key Points

• Standex International reached a new 52-week high of $237.22, with a recent trading price of $235.72, reflecting strong market interest.
• Analysts show mixed sentiment, with five rating the stock a buy and one rating it as a hold, establishing a consensus target price of $223.50.
• The company's last earnings report showed a 23.2% year-over-year revenue increase, with earnings per share surpassing expectations at $2.28.

Standex International Corporation (NYSE:SXI - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $237.22 and last traded at $235.72, with a volume of 12023 shares. The stock had previously closed at $233.39.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Roth Capital reissued a "buy" rating and set a $205.00 price objective (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of Standex International in a report on Wednesday, October 8th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research report on Tuesday, July 29th. Finally, DA Davidson boosted 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. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $223.50.

Standex International Stock Performance

The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $209.54 and a 200-day moving average price of $174.08. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15.

Standex International (NYSE:SXI - Get Free Report) last posted 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 firm had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. Standex International's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. On average, analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Standex International's dividend payout ratio is currently 27.59%.

Insider Transactions at Standex International

In related 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 value of $606,179.20. Following the completion of the sale, the director owned 8,439 shares in the company, valued at $1,709,741.40. This trade represents a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total value of $4,230,000.00. Following the sale, the chief executive officer directly owned 103,973 shares in the company, valued at $24,433,655. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,992 shares of company stock valued at $10,401,179 in the last quarter. Insiders own 2.52% of the company's stock.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently bought and sold shares of SXI. Whittier Trust Co. raised its stake in shares of Standex International by 46.3% during 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. increased its stake in Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after buying an additional 196 shares during the period. TD Private Client Wealth LLC lifted its holdings in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after buying an additional 76 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Standex International by 20.3% in the second quarter. Nisa Investment Advisors LLC now owns 651 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 110 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Standex International by 350.0% in the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the industrial products company's stock worth $141,000 after buying an additional 700 shares during the last quarter. 90.35% of the stock is 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.

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