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

Key Points

• Standex International's share price reached a new 52-week high of $214.99, closing at $213.89 with strong trading volume.
• Analysts have set price targets for Standex International, with Barrington Research at $220.00 and DA Davidson at $219.00, while maintaining a consensus "Buy" rating.
• The company reported earnings of $2.28 per share, surpassing estimates, with revenue increasing by 23.2% year-over-year.

Standex International Corporation (NYSE:SXI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $214.99 and last traded at $213.89, with a volume of 32038 shares trading hands. The stock had previously closed at $204.75.

Analyst Upgrades and Downgrades

SXI has been the topic of several research analyst reports. Roth Capital reaffirmed a "buy" rating and issued a $205.00 price target (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Tuesday, July 29th. Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, DA Davidson raised their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $223.50.

Standex International Trading Up 0.4%

The stock has a market cap of $2.50 billion, a P/E ratio of 26.23, a PEG ratio of 2.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The business's 50 day simple moving average is $190.79 and its 200 day simple moving average is $167.65.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. On average, analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.32 per share. The ex-dividend date was 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 (DPR) is currently 27.59%.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 16,000 shares of Standex International stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at approximately $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Hansen sold 2,992 shares of Standex International stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the completion of the transaction, the director owned 8,439 shares of the company's stock, valued at $1,709,741.40. This trade represents a 26.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,992 shares of company stock valued at $6,171,179. Corporate insiders own 2.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC raised its stake in shares of 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 acquiring an additional 193 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of 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 in the last quarter. Finally, Versant Capital Management Inc increased 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 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.