Standex International (NYSE:SXI) Given New $200.00 Price Target at DA Davidson

Standex International (NYSE:SXI) had its price objective reduced by DA Davidson from $207.00 to $200.00 in a research report sent to investors on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

A number of other research firms have also recently commented on SXI. Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. William Blair restated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $223.33.

Standex International Stock Performance

SXI stock opened at $157.68 on Tuesday. The firm has a market cap of $1.88 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $156.94 and a 200-day moving average price of $180.49. Standex International has a 1-year low of $128.85 and a 1-year high of $212.66.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. As a group, equities research analysts expect that Standex International will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.81%. Standex International’s payout ratio is 25.30%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value 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. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Standex International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC grew its stake in shares of Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 193 shares in the last quarter. Whittier Trust Co. grew its position in Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after buying an additional 76 shares during the last quarter. Versant Capital Management Inc increased its stake in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock valued at $61,000 after buying an additional 78 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.