Brokerages Set Standex International Corporation (NYSE:SXI) Price Target at $281.33

Standex International Corporation (NYSE:SXI) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four 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 $281.3333.

SXI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. DA Davidson lifted their price objective on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Roth Mkm increased their price objective on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research restated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st.

Insider Activity at Standex International

In related news, Director Thomas E. Chorman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director directly owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andy L. Nemeth purchased 2,000 shares of Standex International stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the acquisition, the director owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. The trade was a 30.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Standex International

A number of institutional investors have recently made changes to their positions in the stock. Advantage Alpha Capital Partners LP lifted its stake in shares of Standex International by 27.1% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock valued at $4,306,000 after purchasing an additional 5,863 shares during the period. 1ST Source Bank bought a new stake in Standex International in the second quarter worth approximately $411,000. Inspire Investing LLC lifted its stake in Standex International by 21.8% in the second quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock valued at $474,000 after buying an additional 541 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Standex International by 17.9% during the 3rd quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after buying an additional 25,028 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Standex International during the 2nd quarter worth approximately $857,000. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 6.3%

Shares of NYSE SXI opened at $254.76 on Wednesday. Standex International has a twelve month low of $128.85 and a twelve month high of $263.00. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 57.12 and a beta of 1.13. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average is $237.57 and its 200-day moving average is $222.32.

Standex International (NYSE:SXI) last announced its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. During the same period in the prior year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts predict that Standex International will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s dividend payout ratio is 30.49%.

Standex International Company Profile

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.