Standex International (NYSE:SXI) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Standex International (NYSE:SXI) from a hold rating to a buy rating in a research note published on Friday morning.

Several other research analysts have also commented on the stock. DA Davidson raised their price target on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a report on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $205.00 price objective (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $223.50.

Standex International Trading Up 1.1%

Shares of SXI stock opened at $203.87 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 43.94, a PEG ratio of 2.60 and a beta of 1.12. Standex International has a 1-year low of $128.85 and a 1-year high of $215.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. The firm’s 50-day simple moving average is $195.44 and its 200-day simple moving average is $168.39.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 EPS. As a group, equities analysts forecast that Standex International will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is presently 27.59%.

Insider Buying and Selling

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of Standex International stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the transaction, the director owned 8,439 shares of the company’s stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David A. Dunbar sold 11,000 shares of Standex International stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $215.00, for a total transaction of $2,365,000.00. Following the completion of the transaction, the chief executive officer directly owned 121,973 shares of the company’s stock, valued at approximately $26,224,195. This represents a 8.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,992 shares of company stock valued at $6,171,179 in the last three months. Corporate insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC boosted 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 worth $34,000 after purchasing an additional 193 shares during the period. Whittier Trust Co. boosted its holdings in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 196 shares during the period. TD Private Client Wealth LLC boosted its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 76 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Standex International by 25.9% in 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 during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.