Standex International Corporation (NYSE:SXI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Standex International Corporation (NYSE:SXI) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $298.6667.

SXI has been the topic of several analyst reports. Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, DA Davidson reissued a “buy” rating and set a $350.00 price target on shares of Standex International in a research report on Thursday, August 20th.

Insider Buying and Selling

In other news, CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. The trade was a 14.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,150 shares of company stock worth $3,827,958. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Standex International by 13.1% during the second quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 35 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Standex International by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after buying an additional 50 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Standex International by 2.3% in the first quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock valued at $606,000 after buying an additional 54 shares during the period. UMB Bank n.a. raised its holdings in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Standex International by 3.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock valued at $601,000 after buying an additional 95 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Up 0.7%

SXI opened at $268.70 on Tuesday. Standex International has a 12 month low of $199.80 and a 12 month high of $363.89. The business has a 50-day moving average of $304.48 and a two-hundred day moving average of $285.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 3.00 and a beta of 1.04.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. During the same period in the prior year, the firm posted $2.28 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, research analysts expect that Standex International will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s dividend payout ratio is presently 15.69%.

Standex International Company Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that designs and produces specialized products for a range of industrial, commercial and consumer applications. The company serves customers through businesses focused on electronics, engraving, hydraulics, food service equipment and other engineered products.

Its electronics operations manufacture components and systems such as magnetic products, transformers, sensors, switches and other power and electronic technologies.