Standex International Co. (NYSE:SXI) Receives $231.33 Average PT from Analysts

Standex International Co. (NYSE:SXI) has received an average rating of “Buy” from the five research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $223.33.

A number of research firms recently weighed in on SXI. Barrington Research reissued an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. William Blair reissued an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Roth Capital raised shares of Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, DA Davidson dropped their price target on shares of Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th.

Institutional Trading of Standex International

Hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC raised its position in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 193 shares during the period. Whittier Trust Co. raised its position in shares of Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC raised its position in shares of Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc raised its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 330 shares during the period. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Up 0.3%

SXI opened at $153.98 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The company’s 50-day moving average is $155.20 and its 200 day moving average is $180.07. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The firm has a market capitalization of $1.86 billion, a P/E ratio of 33.62, a PEG ratio of 2.63 and a beta of 1.08.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same period last year, the firm earned $1.75 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. Research analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, May 9th. Standex International’s dividend payout ratio is 25.30%.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.