Standex International (SXI) Stock Price, News & Analysis

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Standex International in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SXI shares.
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4 equities research analysts have issued 1-year price targets for Standex International's shares. Their SXI share price targets range from $190.00 to $200.00. On average, they anticipate the company's stock price to reach $195.00 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
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Standex International's stock was trading at $158.38 on January 1st, 2024. Since then, SXI shares have increased by 5.0% and is now trading at $166.28.
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Standex International saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 198,900 shares, an increase of 23.5% from the February 29th total of 161,100 shares. Based on an average daily trading volume, of 68,300 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.7% of the shares of the company are short sold.
View Standex International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our SXI earnings forecast.

Standex International Co. (NYSE:SXI) announced its quarterly earnings data on Friday, February, 2nd. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The industrial products company earned $178.40 million during the quarter, compared to the consensus estimate of $180.25 million. Standex International had a net margin of 18.80% and a trailing twelve-month return on equity of 13.63%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share.

Standex International announced a quarterly dividend on Friday, January 26th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.30 per share on Monday, February 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, February 9th.
Read our dividend analysis for SXI.

Standex International (NYSE:SXI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.72%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SXI will have a dividend payout ratio of 14.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SXI.

ETFs with the largest weight of Standex International (NYSE:SXI) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Quality ETF (XSHQ), Syntax Stratified SmallCap ETF (SSLY) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

Standex International announced that its Board of Directors has initiated a share buyback program on Thursday, May 5th 2022, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

15 employees have rated Standex International Chief Executive Officer David Dunbar on Glassdoor.com. David Dunbar has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Standex International investors own include Energy Transfer (ET), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Martin Midstream Partners (MMLP), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Walt Disney (DIS), McDonald's (MCD) and Navios Maritime Midstream Partners (NAP).

Standex International's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (2.43%), Allspring Global Investments Holdings LLC (0.86%), Pflug Koory LLC (0.09%), Diversified Trust Co (0.05%), Legacy Private Trust Co. (0.02%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include Ademir Sarcevic, Alan J Glass, Barbara Joanne Edwards, Charles H Cannon Jr, David A Dunbar, Paul C Burns, Sean C Valashinas, Thomas E Chorman and Thomas J Hansen.
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Shares of SXI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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