Standex International Corporation (NYSE:SXI) Receives $264.00 Average Price Target from Brokerages

Shares of Standex International Corporation (NYSE:SXI) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $264.00.

A number of brokerages have recently issued reports on SXI. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Roth Capital lifted their price target on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. DA Davidson restated a “buy” rating and set a $272.00 price objective on shares of Standex International in a research report on Monday, November 24th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Thursday, November 20th.

Standex International Trading Up 2.2%

NYSE:SXI opened at $247.24 on Friday. Standex International has a 52 week low of $128.85 and a 52 week high of $252.78. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 56.71 and a beta of 1.12. The company’s 50 day moving average price is $233.70 and its 200-day moving average price is $211.83. The company has a quick ratio of 2.07, a current ratio of 2.87 and a debt-to-equity ratio of 0.77.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. On average, equities research analysts forecast that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is an increase from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio is presently 31.19%.

Insider Activity at Standex International

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the sale, the director directly owned 13,229 shares in the company, valued at $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total transaction of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares in the company, valued at $1,177,818.39. This trade represents a 11.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,473 shares of company stock worth $794,509. 2.52% of the stock is owned by insiders.

Institutional Trading of Standex International

Several large investors have recently added to or reduced their stakes in SXI. Financial Consulate Inc. bought a new position in Standex International in the third quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International in the 3rd quarter worth $28,000. AlphaQuest LLC raised its holdings in Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Huntington National Bank lifted its position in Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 196 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

About Standex International

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.