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

Barrington Research reaffirmed their outperform rating on shares of Standex International (NYSE:SXI) in a research note released on Monday,Benzinga reports. Barrington Research currently has a $220.00 price objective on the industrial products company’s stock.

Separately, Benchmark upped their target price 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 Price Performance

Shares of Standex International stock opened at $188.22 on Monday. The company’s fifty day simple moving average is $193.80 and its two-hundred day simple moving average is $185.52. Standex International has a 12-month low of $147.12 and a 12-month high of $212.65. The firm has a market cap of $2.27 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. 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 issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.40% and a net margin of 7.59%. As a group, equities analysts expect that Standex International will post 7.84 EPS for the current year.

Standex International Dividend Announcement

The firm also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s payout ratio is 27.95%.

Insider Activity

In related news, CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction that occurred on 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 owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SXI. GAMMA Investing LLC grew its holdings in Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 72 shares during the period. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter valued at $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 worth $56,000 after buying an additional 64 shares in the last quarter. KBC Group NV lifted its stake in Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 172 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 82 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.