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

Barrington Research reiterated their outperform rating on shares of Standex International (NYSE:SXI - Free Report) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $220.00 price objective on the industrial products company's stock.

Several other analysts have also issued reports on the stock. StockNews.com lowered shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. DA Davidson increased their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. William Blair reiterated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Finally, Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $231.33.

Standex International Price Performance

SXI traded up $3.12 during trading on Friday, reaching $140.28. The stock had a trading volume of 88,312 shares, compared to its average volume of 55,631. The stock has a market cap of $1.67 billion, a PE ratio of 30.63, a PEG ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International has a one year low of $128.85 and a one year high of $212.66. The business has a 50-day moving average of $161.37 and a 200-day moving average of $181.72.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, equities research analysts anticipate that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, May 9th. Standex International's dividend payout ratio (DPR) is presently 27.95%.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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 worth $56,000 after buying an additional 64 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after purchasing an additional 66 shares during the period. Moody National Bank Trust Division lifted its position in Standex International by 6.8% during the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 90 shares during the period. Keeley Teton Advisors LLC lifted its position in Standex International by 3.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 99 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Standex International by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after purchasing an additional 100 shares during the period. 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.