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

Standex International Corporation (NYSE:SXI) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $298.67.

A number of analysts have weighed in on SXI shares. Weiss Ratings downgraded shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. DA Davidson restated a “buy” rating and set a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th.

Standex International Stock Down 3.2%

Shares of SXI stock opened at $287.57 on Friday. Standex International has a 12 month low of $214.64 and a 12 month high of $363.89. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.53 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 3.31 and a beta of 1.07. The stock has a 50 day moving average of $293.15 and a 200-day moving average of $287.90.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) 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 the consensus estimate of $226.47 million. During the same quarter last year, the company posted $2.28 earnings per share. Standex International’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Standex International will post 9.96 EPS for the current year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is presently 15.69%.

Insiders Place Their Bets

In related news, CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the sale, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,100 shares of company stock worth $3,810,182 over the last 90 days. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Standex International

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Standex International during the 2nd quarter worth approximately $640,120,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Standex International in the second quarter valued at $149,891,000. Bank of New York Mellon Corp bought a new position in Standex International in the second quarter worth $65,337,000. Sei Investments Co. lifted its position in Standex International by 4.5% in the first quarter. Sei Investments Co. now owns 105,064 shares of the industrial products company’s stock worth $26,774,000 after purchasing an additional 4,520 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in Standex International by 14.3% during the fourth quarter. Kennedy Capital Management LLC now owns 95,841 shares of the industrial products company’s stock worth $20,824,000 after buying an additional 11,998 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

Standex International Corporation (NYSE: SXI) is a diversified manufacturing company headquartered in Salem, New Hampshire. Founded in 1955, the company designs and produces specialized industrial and commercial products for customers in a range of global markets.

Standex’s businesses include electronic components and systems such as sensors, reed switches, magnetic components, fluid-level controls and high-voltage products. The company also provides precision engraving and texturing technologies used in tooling, packaging, printing and other manufacturing applications, as well as engineered hydraulic and industrial products.

Standex serves customers internationally through manufacturing and operating locations in North America, Europe and Asia.