Standex International Corporation (NYSE:SXI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

Standex International Corporation (NYSE:SXI – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $304.00.

SXI has been the subject of several recent research reports. Weiss Ratings lowered shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. JPMorgan Chase & Co. assumed coverage on Standex International in a report on Wednesday, October 14th. They issued a “neutral” rating and a $320.00 target price for the company. Finally, DA Davidson reissued a “buy” rating and set a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th.

View Our Latest Stock Analysis on Standex International

Insider Activity at Standex International

In related news, CEO David Dunbar sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the sale, the chief executive officer directly owned 75,973 shares in the company, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Standex International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXI. Cedar Mountain Advisors LLC acquired a new position in shares of Standex International during the first quarter worth about $29,000. Transamerica Financial Advisors LLC purchased a new position in Standex International in the 2nd quarter valued at approximately $42,000. Allworth Financial LP acquired a new position in Standex International during the second quarter worth $46,000. State of Wyoming acquired a new position in Standex International during the second quarter worth $46,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Standex International during the second quarter worth $60,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 1.9%

Shares of NYSE SXI opened at $258.37 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 3.19 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $271.58 and its two-hundred day moving average is $277.72. Standex International has a 52-week low of $215.62 and a 52-week high of $363.89. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.82 and a beta of 1.07.

Standex International (NYSE:SXI – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $232.57 million during the quarter, compared to analysts’ expectations of $229.65 million. Standex International had a return on equity of 14.84% and a net margin of 12.54%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 earnings per share. Research analysts predict that Standex International will post 9.99 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th. This is a boost from Standex International’s previous quarterly dividend of $0.34. Standex International’s dividend payout ratio (DPR) is 14.47%.

Standex International Company Profile

(Get Free Report)

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.

Featured Stories