Standex International (NYSE:SXI) Given “Outperform” Rating at Barrington Research

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

Separately, Benchmark raised their price target 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 %

Shares of NYSE SXI opened at $187.03 on Tuesday. The company has a 50 day simple moving average of $195.27 and a 200-day simple moving average of $185.46. The company has a market capitalization of $2.26 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International has a 1 year low of $141.90 and a 1 year high of $212.65.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million during 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 business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. On average, equities research analysts predict that Standex International will post 7.84 earnings per share for the current year.

Standex International Dividend Announcement

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 issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.68%. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 1,600 shares of Standex International 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 directly owns 18,086 shares in the company, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International 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 sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,061 shares of company stock worth $1,359,419. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC increased its stake in Standex International by 0.8% in 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 purchasing an additional 4,281 shares during the period. State Street Corp increased its stake in Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Wasatch Advisors LP increased its stake in Standex International by 24.6% in the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after purchasing an additional 90,770 shares during the period. Geode Capital Management LLC increased its stake in Standex International by 3.0% in the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock valued at $56,345,000 after purchasing an additional 9,119 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Standex International by 2.7% in 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 purchasing an additional 3,844 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.