Standex International (SXI) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Standex International in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SXI shares.
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3 brokers have issued 12-month target prices for Standex International's shares. Their SXI share price targets range from $190.00 to $190.00. On average, they expect the company's share price to reach $190.00 in the next year. This suggests a possible upside of 36.4% from the stock's current price.
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Standex International's stock was trading at $102.41 at the beginning of the year. Since then, SXI stock has increased by 36.1% and is now trading at $139.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Standex International Co. (NYSE:SXI) released its quarterly earnings data on Thursday, November, 2nd. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.04. The industrial products company earned $184.77 million during the quarter, compared to the consensus estimate of $184.58 million. Standex International had a net margin of 18.72% and a trailing twelve-month return on equity of 14.09%.

Standex International declared a quarterly dividend on Thursday, October 26th. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.30 per share on Wednesday, November 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, November 7th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for SXI.

Standex International (NYSE:SXI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.86%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SXI will have a dividend payout ratio of 14.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SXI.

ETFs with the largest weight of Standex International (NYSE:SXI) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and VictoryShares US Small Cap Volatility Wtd (CSA).Timothy Plan US Small Cap Core ETF (TPSC).

Standex International announced that its board has approved a share buyback plan on Thursday, May 5th 2022, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

15 employees have rated Standex International Chief Executive Officer David Dunbar on Glassdoor.com. David Dunbar has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Standex International investors own include Energy Transfer (ET), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Martin Midstream Partners (MMLP), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Walt Disney (DIS), McDonald's (MCD) and Navios Maritime Midstream Partners (NAP).

Standex International's stock is owned by many different institutional and retail investors. Top institutional shareholders include Copeland Capital Management LLC (4.65%), Northern Trust Corp (2.12%), Handelsbanken Fonder AB (1.25%), Morgan Stanley (1.23%), Allspring Global Investments Holdings LLC (1.20%) and Bank of New York Mellon Corp (1.18%). Insiders that own company stock include Ademir Sarcevic, Alan J Glass, Barbara Joanne Edwards, Charles H Cannon Jr, David A Dunbar, James A Hooven, Paul C Burns, Sean C Valashinas, Thomas E Chorman and Thomas J Hansen.
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Shares of SXI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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