Standex International Corporation (NYSE:SXI) Receives $289.67 Consensus Price Target from Analysts

Shares of Standex International Corporation (NYSE:SXIGet Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $289.6667.

SXI has been the subject of several analyst reports. DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th.

View Our Latest Stock Analysis on Standex International

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the completion of the sale, the chief executive officer owned 88,973 shares of the company’s stock, valued at $22,771,749.62. This trade represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the sale, the director directly owned 12,666 shares of the company’s stock, valued at $3,293,160. This represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,013 shares of company stock valued at $4,102,367 in the last quarter. 2.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Royal Bank of Canada lifted its holdings in shares of Standex International by 110.7% during the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after buying an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after buying an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after buying an additional 33,016 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI opened at $255.12 on Wednesday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 31.07, a P/E/G ratio of 3.36 and a beta of 1.09. Standex International has a twelve month low of $144.62 and a twelve month high of $284.71. The company has a 50 day moving average of $262.61 and a 200-day moving average of $248.15. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXIGet Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. During the same period in the prior year, the business posted $1.95 earnings per share. Standex International’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Standex International will post 8.59 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.

About Standex International

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Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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Analyst Recommendations for Standex International (NYSE:SXI)

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