Brokerages Set Standex Int’l Corp. (NYSE:SXI) Target Price at $75.33

Shares of Standex Int’l Corp. (NYSE:SXI) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $73.00.

Several analysts have commented on the stock. Sidoti lifted their price objective on shares of Standex Int’l from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. CJS Securities upgraded shares of Standex Int’l from a “market perform” rating to an “outperform” rating and set a $74.00 price objective for the company in a research note on Wednesday, August 26th. Zacks Investment Research raised shares of Standex Int’l from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Wednesday. Finally, Barrington Research reaffirmed a “buy” rating and set a $77.00 target price on shares of Standex Int’l in a report on Monday, July 20th.

SXI stock traded down $0.11 during trading on Wednesday, reaching $58.87. The company had a trading volume of 73,483 shares, compared to its average volume of 64,188. The firm has a 50-day simple moving average of $57.98 and a 200-day simple moving average of $53.16. The company has a market cap of $725.10 million, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 2.70. Standex Int’l has a twelve month low of $37.50 and a twelve month high of $81.69.

Standex Int’l (NYSE:SXI) last released its earnings results on Monday, August 24th. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. Standex Int’l had a net margin of 2.96% and a return on equity of 9.44%. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $140.23 million. During the same period last year, the business earned $1.16 EPS. Standex Int’l’s revenue for the quarter was down 33.3% on a year-over-year basis. Sell-side analysts expect that Standex Int’l will post 3.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Wednesday, August 5th. Standex Int’l’s dividend payout ratio (DPR) is 25.21%.

In other news, CFO Ademir Sarcevic sold 1,200 shares of Standex Int’l stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $58.60, for a total transaction of $70,320.00. Following the completion of the transaction, the chief financial officer now directly owns 16,348 shares of the company’s stock, valued at approximately $957,992.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.81% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Silvercrest Asset Management Group LLC increased its holdings in Standex Int’l by 34.6% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 719,813 shares of the industrial products company’s stock worth $41,425,000 after acquiring an additional 185,192 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Standex Int’l in the 2nd quarter worth $7,302,000. Copeland Capital Management LLC increased its holdings in Standex Int’l by 27.5% in the 2nd quarter. Copeland Capital Management LLC now owns 351,400 shares of the industrial products company’s stock worth $20,223,000 after acquiring an additional 75,689 shares in the last quarter. Prudential Financial Inc. increased its holdings in Standex Int’l by 85.8% in the 2nd quarter. Prudential Financial Inc. now owns 105,657 shares of the industrial products company’s stock worth $6,081,000 after acquiring an additional 48,806 shares in the last quarter. Finally, FMR LLC increased its holdings in Standex Int’l by 11.0% in the 1st quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock worth $30,926,000 after acquiring an additional 41,723 shares in the last quarter. 88.64% of the stock is owned by institutional investors.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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