Standex International (NYSE:SXI) Given New $190.00 Price Target at Benchmark

Standex International (NYSE:SXI) had its price target lowered by Benchmark from $205.00 to $190.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on SXI. StockNews.com began coverage on shares of Standex International in a report on Thursday, October 5th. They issued a strong-buy rating on the stock. William Blair reiterated an outperform rating on shares of Standex International in a research report on Tuesday, July 18th.

Standex International Price Performance

SXI stock opened at $138.04 on Monday. The company has a market cap of $1.63 billion, a P/E ratio of 11.78, a PEG ratio of 2.06 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.43 and a quick ratio of 2.73. Standex International has a 1 year low of $96.32 and a 1 year high of $168.81. The firm has a 50-day moving average of $146.92 and a 200 day moving average of $143.59.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.87%. This is an increase from Standex International’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, November 7th. Standex International’s dividend payout ratio (DPR) is presently 9.56%.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 1,355 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $157.21, for a total transaction of $213,019.55. Following the completion of the transaction, the chief financial officer now directly owns 9,929 shares of the company’s stock, valued at $1,560,938.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Standex International news, CFO Ademir Sarcevic sold 1,355 shares of Standex International stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $157.21, for a total value of $213,019.55. Following the completion of the transaction, the chief financial officer now directly owns 9,929 shares of the company’s stock, valued at approximately $1,560,938.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Joanne Edwards sold 970 shares of Standex International stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $155.77, for a total transaction of $151,096.90. Following the completion of the transaction, the director now directly owns 5,564 shares of the company’s stock, valued at $866,704.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,425 shares of company stock valued at $827,597. Corporate insiders own 2.28% of the company’s stock.

Hedge Funds Weigh In On Standex International

A number of large investors have recently made changes to their positions in SXI. Ameritas Investment Partners Inc. lifted its holdings in Standex International by 8.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock valued at $138,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Standex International by 2.9% during the 1st quarter. Arizona State Retirement System now owns 3,473 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 97 shares in the last quarter. Swiss National Bank raised its stake in shares of Standex International by 0.4% during the 2nd quarter. Swiss National Bank now owns 26,000 shares of the industrial products company’s stock worth $3,678,000 after acquiring an additional 100 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of Standex International by 3.0% during the 2nd quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 124 shares in the last quarter. Finally, KBC Group NV grew its position in Standex International by 13.2% during the 1st quarter. KBC Group NV now owns 1,108 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 129 shares during the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.