Standex International (SXI) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Standex International in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SXI shares.
View SXI analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month price objectives for Standex International's shares. Their SXI share price forecasts range from $205.00 to $205.00. On average, they expect the company's share price to reach $205.00 in the next year. This suggests a possible upside of 42.0% from the stock's current price.
View analysts price targets for SXI or view top-rated stocks among Wall Street analysts.

Standex International's stock was trading at $102.41 on January 1st, 2023. Since then, SXI shares have increased by 41.0% and is now trading at $144.41.
View the best growth stocks for 2023 here.

Standex International saw a increase in short interest in August. As of August 15th, there was short interest totaling 104,300 shares, an increase of 25.1% from the July 31st total of 83,400 shares. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the company's stock are sold short.
View Standex International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SXI earnings forecast.

Standex International Co. (NYSE:SXI) released its quarterly earnings results on Thursday, August, 3rd. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The industrial products company earned $188.33 million during the quarter, compared to analyst estimates of $184.81 million. Standex International had a trailing twelve-month return on equity of 14.44% and a net margin of 18.76%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share.

Standex International announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.28 per share on Friday, August 25th. This represents a $1.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Tuesday, August 8th.
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 (NYSE:SXI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SXI will have a dividend payout ratio of 12.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SXI.

Standex International announced that its Board of Directors has initiated a stock buyback program on Thursday, May 5th 2022, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SXI."

Standex International's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.27%), Champlain Investment Partners LLC (4.83%), Dimensional Fund Advisors LP (4.77%), Silvercrest Asset Management Group LLC (4.66%), Copeland Capital Management LLC (4.58%) and State Street Corp (3.94%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SXI stock can currently be purchased for approximately $144.41.

Standex International (NYSE:SXI) has a market capitalization of $1.71 billion and generates $741.05 million in revenue each year. The industrial products company earns $138.99 million in net income (profit) each year or $11.67 on an earnings per share basis.

The company employs 3,800 workers across the globe.

Standex International's mailing address is 23 KEEWAYDIN DRIVE, SALEM NH, 03079. The official website for the company is www.standex.com. The industrial products company can be reached via phone at (603) 893-9701, via email at investorrelations@standex.com, or via fax at 603-893-7324.