Standex International Co. (NYSE:SXI) Receives $231.33 Average Price Target from Brokerages

Shares of Standex International Co. (NYSE:SXI) have earned a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $231.33.

SXI has been the subject of a number of research analyst reports. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. DA Davidson lifted their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, Roth Capital raised shares of Standex International to a “strong-buy” rating in a report on Wednesday.

Standex International Trading Up 2.8 %

NYSE SXI opened at $142.94 on Thursday. Standex International has a 52 week low of $130.05 and a 52 week high of $212.66. The company has a 50 day moving average price of $173.41 and a 200 day moving average price of $185.01. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.70 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, sell-side analysts forecast that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is currently 27.95%.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Standex International

Several large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $34,000 after buying an additional 193 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Standex International by 16,968.6% in the 1st quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company’s stock valued at $5,261,000 after purchasing an additional 32,410 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Standex International by 6.8% in the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 90 shares during the period. Versant Capital Management Inc boosted its position in Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 78 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in Standex International by 23.2% in the first quarter. Central Pacific Bank Trust Division now owns 2,001 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 377 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.