Standex International (NYSE:SXI) Price Target Raised to $224.00

Standex International (NYSE:SXI) had its target price boosted by DA Davidson from $222.00 to $224.00 in a research note issued to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on SXI. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday. Barrington Research reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Monday. Finally, Benchmark raised their price objective on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Standex International Trading Down 1.6 %

NYSE SXI opened at $192.70 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The firm’s fifty day moving average price is $192.90 and its 200 day moving average price is $185.70. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. Standex International has a 12 month low of $149.11 and a 12 month high of $212.65.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. On average, sell-side analysts expect that Standex International will post 7.84 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Standex International

Several hedge funds and other institutional investors have recently made changes to their positions in SXI. GAMMA Investing LLC lifted its stake in shares of Standex International by 93.5% in the third 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 during the period. Peterson Financial Group Inc. acquired a new stake in shares of Standex International in the third quarter valued at about $44,000. Versant Capital Management Inc lifted its stake in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 330 shares during the period. Finally, KBC Group NV lifted its stake in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 172 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.