Standex International’s (SXI) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Standex International (NYSE:SXI) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $210.00 price objective on the industrial products company’s stock.

Several other research firms also recently weighed in on SXI. Barrington Research reissued an outperform rating and issued a $180.00 price target on shares of Standex International in a research note on Tuesday, May 28th. DA Davidson upped their price objective on shares of Standex International from $200.00 to $203.00 and gave the company a buy rating in a research note on Tuesday, May 7th.

Standex International Price Performance

Shares of SXI stock traded down $6.47 during trading hours on Friday, hitting $171.61. The stock had a trading volume of 79,390 shares, compared to its average volume of 63,062. The stock’s 50-day moving average price is $169.23 and its two-hundred day moving average price is $168.75. Standex International has a one year low of $130.04 and a one year high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.53 and a beta of 1.04.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. The business had revenue of $180.19 million for the quarter, compared to the consensus estimate of $181.35 million. Standex International had a return on equity of 13.65% and a net margin of 10.14%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.76 EPS. Equities analysts forecast that Standex International will post 7.84 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, August 9th. Standex International’s dividend payout ratio (DPR) is 19.42%.

Insider Buying and Selling

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the sale, the director now owns 862 shares in the company, valued at approximately $153,453.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.28% of the stock is owned by corporate insiders.

Institutional Trading of Standex International

Institutional investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in shares of Standex International in the 4th quarter valued at approximately $26,000. Pacer Advisors Inc. bought a new position in Standex International during the 4th quarter worth $28,000. GAMMA Investing LLC boosted its holdings in Standex International by 322.2% in the 1st quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 145 shares during the period. SRS Capital Advisors Inc. grew its position in Standex International by 341.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock worth $51,000 after buying an additional 249 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.