Standex International - SXI Stock Forecast, Price & News

3 Wall Street equities 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 equities research analysts is that investors should "buy" SXI shares.
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3 analysts have issued 12 month price targets for Standex International's shares. Their SXI share price forecasts range from $146.00 to $150.00. On average, they expect the company's stock price to reach $148.00 in the next twelve months. This suggests a possible upside of 24.7% from the stock's current price.
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Standex International's stock was trading at $102.41 at the beginning of 2023. Since then, SXI stock has increased by 15.9% and is now trading at $118.73.
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Standex International saw a increase in short interest in March. As of March 15th, there was short interest totaling 159,400 shares, an increase of 32.0% from the February 28th total of 120,800 shares. Based on an average trading volume of 62,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.4% of the company's stock are short sold.
View Standex International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SXI earnings forecast.

Standex International Co. (NYSE:SXI) posted its quarterly earnings data on Friday, February, 3rd. The industrial products company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.04. The industrial products company earned $187.80 million during the quarter, compared to analysts' expectations of $184.85 million. Standex International had a trailing twelve-month return on equity of 15.04% and a net margin of 9.28%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS.

Standex International declared a quarterly dividend on Friday, January 27th. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.28 per share on Friday, February 24th. This represents a $1.12 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, February 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), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Momentum ETF (XSMO), Timothy Plan US Small Cap Core ETF (TPSC), Syntax Stratified SmallCap ETF (SSLY) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).

Standex International (NYSE:SXI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.96%. 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 19.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SXI will have a dividend payout ratio of 15.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SXI.

Standex International declared that its board has approved a stock repurchase program on Thursday, May 5th 2022, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SXI."

Standex International's stock is owned by a variety of retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (5.11%), Silvercrest Asset Management Group LLC (4.76%), Dimensional Fund Advisors LP (4.75%), Barrow Hanley Mewhinney & Strauss LLC (2.20%), Geode Capital Management LLC (1.82%) and HBK Sorce Advisory LLC (1.76%). Insiders that own company stock include Ademir Sarcevic, Alan J Glass, Charles H Cannon Jr, David A Dunbar, James A Hooven, Paul C Burns, 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.
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One share of SXI stock can currently be purchased for approximately $118.73.

Standex International (NYSE:SXI) has a market capitalization of $1.42 billion and generates $735.34 million in revenue each year. The industrial products company earns $61.39 million in net income (profit) each year or $5.75 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.