Standex International Corporation (NYSE:SXI) Stock Has Consensus Target Price of $298.67 According to Brokerages

Standex International Corporation (NYSE:SXI) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $298.67.

A number of research analysts have commented on SXI shares. DA Davidson reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Weiss Ratings downgraded Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th.

Standex International Trading Up 0.4%

Shares of NYSE:SXI opened at $289.68 on Friday. Standex International has a 12-month low of $209.85 and a 12-month high of $363.89. The stock has a market cap of $3.56 billion, a PE ratio of 33.41, a P/E/G ratio of 3.22 and a beta of 1.07. The business has a 50 day moving average of $292.84 and a 200-day moving average of $287.39. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

Standex International (NYSE:SXI) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. The company had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 earnings per share. As a group, equities research analysts forecast that Standex International will post 9.96 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is currently 15.69%.

Insiders Place Their Bets

In other Standex International news, CEO David Dunbar sold 13,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the sale, the chief executive officer owned 75,973 shares of the company’s stock, valued at $22,094,467.86. The trade was a 14.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 13,100 shares of company stock valued at $3,810,182. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cedar Mountain Advisors LLC acquired a new stake in shares of Standex International in the first quarter valued at approximately $29,000. State of Wyoming acquired a new stake in Standex International during the first quarter worth approximately $37,000. Transamerica Financial Advisors LLC bought a new position in Standex International during the 2nd quarter worth $42,000. Allworth Financial LP bought a new position in Standex International during the 2nd quarter worth $46,000. Finally, Persistent Asset Partners Ltd acquired a new position in Standex International in the 2nd quarter valued at $60,000. 90.35% of the stock is owned by institutional investors.

About Standex International

Standex International Corporation (NYSE: SXI) is a diversified manufacturing company headquartered in Salem, New Hampshire. Founded in 1955, the company designs and produces specialized industrial and commercial products for customers in a range of global markets.

Standex’s businesses include electronic components and systems such as sensors, reed switches, magnetic components, fluid-level controls and high-voltage products. The company also provides precision engraving and texturing technologies used in tooling, packaging, printing and other manufacturing applications, as well as engineered hydraulic and industrial products.

Standex serves customers internationally through manufacturing and operating locations in North America, Europe and Asia.