Standex International’s (SXI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Standex International (NYSE:SXI) in a research note released on Tuesday morning,Benzinga reports. They currently have a $220.00 target price on the industrial products company’s stock.

Separately, Benchmark boosted their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Standex International Stock Up 0.9 %

Shares of NYSE SXI opened at $186.74 on Tuesday. The company has a market capitalization of $2.26 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a 52-week low of $141.90 and a 52-week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company’s 50 day moving average price is $194.70 and its 200-day moving average price is $185.47.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 10.26% and a return on equity of 13.18%. Equities analysts forecast that Standex International will post 7.84 earnings per share for the current year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Standex International’s payout ratio is presently 20.98%.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock worth $1,359,419 in the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. GAMMA Investing LLC increased its stake in Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Standex International during the 2nd quarter valued at $32,000. Peterson Financial Group Inc. bought a new stake in shares of Standex International in the 3rd quarter worth $44,000. Versant Capital Management Inc grew its stake in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Company Profile

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.