Standex International (SXI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Standex International in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SXI shares.
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2 Wall Street research analysts have issued 1 year target prices for Standex International's stock. 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 5.0% 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 37.7% and is now trading at $141.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SXI earnings forecast.

Standex International Co. (NYSE:SXI) posted its quarterly earnings data on Friday, May, 5th. The industrial products company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.08. The industrial products company earned $184.30 million during the quarter, compared to the consensus estimate of $178.09 million. Standex International had a net margin of 17.91% and a trailing twelve-month return on equity of 14.67%. Standex International's revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 earnings per share.

Standex International announced a quarterly dividend on Thursday, April 27th. Investors of record on Wednesday, May 10th will be paid a dividend of $0.28 per share on Thursday, May 25th. This represents a $1.12 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, May 9th.
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 Low Volatility ETF (XSLV), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Timothy Plan US Small Cap Core ETF (TPSC), Syntax Stratified SmallCap ETF (SSLY) and VictoryShares US Small Cap Volatility Wtd (CSA).

Standex International (NYSE:SXI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.79%. 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 10.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SXI will have a dividend payout ratio of 15.32% 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 initiated a share repurchase plan 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 purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board 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. (15.79%), Copeland Capital Management LLC (5.08%), Champlain Investment Partners LLC (5.01%), Dimensional Fund Advisors LP (4.79%), Silvercrest Asset Management Group LLC (4.66%) and State Street Corp (4.02%). 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.
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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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One share of SXI stock can currently be purchased for approximately $141.01.

Standex International (NYSE:SXI) has a market capitalization of $1.68 billion and generates $737.46 million in revenue each year. The industrial products company earns $61.39 million in net income (profit) each year or $11.09 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.