Standex International (NYSE:SXI) Price Target Raised to $323.00 at DA Davidson

Standex International (NYSE:SXI) had its target price increased by DA Davidson from $298.00 to $323.00 in a report issued on Monday,Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm increased their price objective on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Monday, March 9th. Finally, Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Standex International has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Price Performance

Shares of NYSE:SXI opened at $278.92 on Monday. Standex International has a one year low of $128.85 and a one year high of $283.00. The stock has a fifty day moving average of $259.63 and a 200-day moving average of $244.12. The company has a market capitalization of $3.38 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 3.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Standex International will post 8.77 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.34 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio is presently 30.49%.

Insiders Place Their Bets

In other news, CEO David A. Dunbar sold 15,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the completion of the sale, the chief executive officer owned 88,973 shares in the company, valued at $22,771,749.62. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andy L. Nemeth bought 2,000 shares of Standex International stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average price of $245.00 per share, with a total value of $490,000.00. Following the acquisition, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This represents a 30.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 16,063 shares of company stock worth $4,114,860 over the last three months. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Consulate Inc. acquired a new position in Standex International during the third quarter worth $25,000. Cornerstone Planning Group LLC increased its position in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares during the last quarter. UMB Bank n.a. increased its position in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Standex International during the third quarter worth $28,000. Finally, Simplex Trading LLC acquired a new position in Standex International during the fourth quarter worth $35,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.