DA Davidson Forecasts Strong Price Appreciation for Standex International (NYSE:SXI) Stock

Standex International (NYSE:SXI) had its price target lifted by DA Davidson from $222.00 to $224.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Monday. Finally, Benchmark lifted 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 Performance

Shares of SXI opened at $192.70 on Tuesday. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.33 billion, a P/E ratio of 42.07, a PEG ratio of 2.59 and a beta of 1.06. The company has a 50-day moving average of $192.90 and a two-hundred day moving average of $185.70. Standex International has a 12-month low of $149.11 and a 12-month high of $212.65.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. As a group, research analysts predict that Standex International will post 7.84 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.66%. Standex International’s payout ratio is 27.95%.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the business’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. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

Several institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC grew its stake in Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock worth $101,670,000 after buying an additional 4,281 shares during the period. State Street Corp grew its stake in Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the period. Wasatch Advisors LP grew its stake in Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after buying an additional 90,770 shares during the period. Geode Capital Management LLC grew its stake in Standex International by 3.0% during the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after buying an additional 9,119 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Standex International by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company’s stock worth $27,842,000 after buying an additional 5,012 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.