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 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 analysts have issued twelve-month price objectives for Standex International's shares. Their SXI share price forecasts range from $146.00 to $150.00. On average, they predict the company's share price to reach $148.00 in the next year. This suggests a possible upside of 27.2% 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 13.6% and is now trading at $116.35.
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Standex International saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 120,800 shares, an increase of 28.0% from the February 13th total of 94,400 shares. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% 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) released its earnings results on Friday, February, 3rd. The industrial products company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.70 by $0.04. The industrial products company had revenue of $187.80 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS.

Standex International declared a quarterly dividend on Friday, January 27th. Shareholders of record on Thursday, February 9th will be given a dividend of $0.28 per share on Friday, February 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. 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 0.98%. 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 of Directors has approved a stock buyback plan on Thursday, May 5th 2022, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are usually an indication 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 variety of retail and institutional investors. Top institutional shareholders 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 $116.35.

Standex International (NYSE:SXI) has a market capitalization of $1.39 billion and generates $742.41 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.