Standex International (NYSE:SXI) Given "Outperform" Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Standex International (NYSE:SXI - Free Report) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $220.00 target price on the industrial products company's stock.

Several other research analysts have also issued reports on SXI. William Blair restated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, DA Davidson upped their target price on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Standex International has an average rating of "Buy" and an average price target of $223.33.

Standex International Price Performance

Standex International stock traded down $4.80 during mid-day trading on Friday, reaching $152.58. The company had a trading volume of 25,655 shares, compared to its average volume of 56,245. The business has a fifty day simple moving average of $156.94 and a 200 day simple moving average of $180.49. The company has a market cap of $1.82 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.63 and a beta of 1.08. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. On average, equities 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, May 23rd. Investors of record on Friday, May 9th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. Standex International's dividend payout ratio (DPR) is presently 25.30%.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares of the company's stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Standex International

Several institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC lifted its holdings 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 worth $34,000 after buying an additional 193 shares in 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 worth $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC grew its position in Standex International by 29.9% during the first 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. Versant Capital Management Inc increased its stake in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Standex International by 183.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 330 shares during the last quarter. Hedge funds and other 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.