Standex International (NYSE:SXI) Receives “Outperform” Rating from Barrington Research

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

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

Standex International Trading Down 0.0 %

Shares of Standex International stock opened at $187.03 on Tuesday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 30.66, 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’s 50-day simple moving average is $195.27 and its 200-day simple moving average is $185.46. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The firm had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, equities research analysts anticipate that Standex International will post 7.84 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, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the sale, the chief financial officer now directly owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock valued at $1,359,419 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Standex International

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after buying an additional 72 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Standex International during the second quarter valued at approximately $32,000. Peterson Financial Group Inc. purchased a new position in shares of Standex International during the third quarter valued at approximately $44,000. Versant Capital Management Inc lifted its stake in shares of Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after buying an additional 64 shares during the period. Finally, KBC Group NV lifted its stake in shares of Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after buying an additional 172 shares during the period. Hedge funds and other 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.