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

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

Several research analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Roth Capital raised Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, DA Davidson increased their price target on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. The trade was 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 this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after purchasing an additional 15,518 shares during the period. Champlain Investment Partners LLC lifted its position in Standex International by 2.1% during the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock valued at $109,283,000 after buying an additional 11,774 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Standex International by 14.0% during the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after buying an additional 64,373 shares in the last quarter. State Street Corp grew its position in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock worth $64,817,000 after acquiring an additional 46,869 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Trading Up 0.1 %

SXI stock opened at $142.97 on Thursday. The company has a market capitalization of $1.70 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International has a one year low of $130.05 and a one year high of $212.66. The company’s 50 day moving average price is $172.38 and its two-hundred day moving average price is $184.75.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, analysts predict that Standex International will post 7.9 earnings per share 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 given a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.90%. Standex International’s dividend payout ratio is currently 27.95%.

Standex International Company Profile

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.