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

Barrington Research reissued their outperform rating on shares of Standex International (NYSE:SXI - Free Report) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $220.00 price target on the industrial products company's stock.

Separately, 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 report on Wednesday, October 30th.

Standex International Stock Down 0.0 %

SXI stock traded down $0.05 during trading on Tuesday, reaching $187.03. The stock had a trading volume of 33,774 shares, compared to its average volume of 47,534. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.72 and a beta of 1.07. Standex International has a one year low of $141.90 and a one year high of $212.65. The company's 50 day moving average is $195.61 and its two-hundred day moving average is $185.38.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.05. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. Standex International's revenue was down 7.7% on a year-over-year basis. During the same period last year, the business posted $1.74 earnings per share. Equities research analysts forecast that Standex International will post 7.84 EPS for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. Standex International's dividend payout ratio (DPR) is currently 20.98%.

Insider Activity

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction dated 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 directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,061 shares of company stock valued at $1,359,419. Insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Standex International

A number of large investors have recently made changes to their positions in SXI. Walleye Capital LLC bought a new position in Standex International in the third quarter worth $250,000. Millennium Management LLC purchased a new position in Standex International in the second quarter worth about $4,299,000. State Street Corp lifted its stake in shares of Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock worth $88,849,000 after buying an additional 23,786 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Standex International by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock valued at $26,299,000 after buying an additional 3,844 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock valued at $101,670,000 after acquiring an additional 4,281 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

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.