Standex International (NYSE:SXI) Sets New 1-Year High - Should You Buy?

Key Points

• Standex International's stock reached a new 52-week high of $215.99, with an average target price set at $223.50 by research analysts.
• The company reported $2.28 earnings per share for the last quarter, exceeding analysts' expectations, and had a revenue increase of 23.2% compared to the same quarter last year.
• Recent insider trading saw CEO David Dunbar sell 16,000 shares for approximately $3.2 million, indicating a 12.16% decrease in his holdings.

Standex International Corporation (NYSE:SXI - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $215.99 and last traded at $215.26, with a volume of 136934 shares changing hands. The stock had previously closed at $211.13.

Analysts Set New Price Targets

SXI has been the topic of several recent research reports. DA Davidson increased their price target on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday, August 4th. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. Roth Capital restated a "buy" rating and set a $205.00 price target (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Finally, Wall Street Zen upgraded Standex International from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average 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 business has a 50 day simple moving average of $198.60 and a two-hundred day simple moving average of $169.20. The firm has a market cap of $2.60 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 2.70 and a beta of 1.15.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same quarter last year, the firm posted $1.76 earnings per share. The business's revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO David A. Dunbar sold 16,000 shares of the 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 of the company's stock, valued at approximately $23,115,200. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director directly owned 8,439 shares in the company, valued at $1,709,741.40. The trade was a 26.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,992 shares of company stock worth $6,171,179 in the last three months. Corporate insiders own 2.52% of the company's stock.

Institutional Investors Weigh In On Standex International

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Standex International by 1.6% during the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock valued at $10,361,000 after purchasing an additional 1,003 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Standex International by 1.0% during the first quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock valued at $95,309,000 after purchasing an additional 6,121 shares in the last quarter. Invesco Ltd. boosted its position in Standex International by 30.2% during the first quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company's stock valued at $11,934,000 after purchasing an additional 17,139 shares in the last quarter. Fifth Third Bancorp boosted its position in Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after purchasing an additional 157 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Standex International by 16,968.6% during the first quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company's stock valued at $5,261,000 after purchasing an additional 32,410 shares in 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.

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