Shares of Standex International Corporation (NYSE:SXI) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Standex International Corporation’s rating score has declined by 100% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $100.50 for the company and are expecting that the company will post $1.05 EPS for the current quarter, according to Zacks. Zacks has also given Standex International Corporation an industry rank of 55 out of 265 based on the ratings given to related companies.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Standex International Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Sidoti lowered shares of Standex International Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a report on Monday, December 19th. Finally, CJS Securities assumed coverage on shares of Standex International Corporation in a report on Monday, December 12th. They issued a “market perform” rating on the stock.
Shares of Standex International Corporation (NYSE:SXI) opened at 96.15 on Monday. The stock has a 50 day moving average of $90.23 and a 200-day moving average of $88.28. The stock has a market capitalization of $1.23 billion, a P/E ratio of 25.63 and a beta of 1.41. Standex International Corporation has a 1-year low of $68.55 and a 1-year high of $99.80.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings results on Friday, February 3rd. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Standex International Corporation had a net margin of 6.61% and a return on equity of 14.79%. The firm had revenue of $173.90 million for the quarter, compared to analyst estimates of $175.75 million. During the same quarter last year, the firm posted $0.31 earnings per share. Equities research analysts predict that Standex International Corporation will post $4.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, February 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.67%. Standex International Corporation’s dividend payout ratio is currently 17.07%.
In other news, CEO David A. Dunbar sold 4,455 shares of Standex International Corporation stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $87.80, for a total transaction of $391,149.00. Following the sale, the chief executive officer now owns 46,145 shares in the company, valued at $4,051,531. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas E. Chorman sold 906 shares of Standex International Corporation stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $96.85, for a total transaction of $87,746.10. Following the sale, the director now owns 10,128 shares in the company, valued at approximately $980,896.80. The disclosure for this sale can be found here. Insiders have sold 9,168 shares of company stock worth $816,345 in the last quarter. Insiders own 2.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of SXI. Wedge Capital Management L L P NC increased its stake in Standex International Corporation by 334.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,917,722 shares of the company’s stock worth $45,661,000 after buying an additional 1,476,568 shares during the last quarter. BlackRock Fund Advisors increased its stake in Standex International Corporation by 7.3% in the third quarter. BlackRock Fund Advisors now owns 870,436 shares of the company’s stock worth $80,837,000 after buying an additional 59,065 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Standex International Corporation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 587,062 shares of the company’s stock worth $51,574,000 after buying an additional 9,020 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Standex International Corporation by 12.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 571,457 shares of the company’s stock worth $47,220,000 after buying an additional 63,963 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Standex International Corporation by 1.8% in the third quarter. Northern Trust Corp now owns 423,891 shares of the company’s stock worth $39,367,000 after buying an additional 7,691 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.
Standex International Corporation Company Profile
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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