Standex International (NYSE:SXI) Reaches New 12-Month High – Still a Buy?

Standex International Co. (NYSE:SXI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $212.41 and last traded at $212.41, with a volume of 15014 shares traded. The stock had previously closed at $204.62.

Analysts Set New Price Targets

SXI has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th. DA Davidson increased their price objective on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Benchmark boosted their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Standex International Stock Performance

The stock has a 50-day simple moving average of $187.44 and a 200-day simple moving average of $176.31. The stock has a market cap of $2.51 billion, a P/E ratio of 34.03, a PEG ratio of 3.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same period last year, the company earned $1.74 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts forecast that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 8th. Standex International’s dividend payout ratio is presently 20.98%.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Standex International

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Standex International during the second quarter worth $32,000. Peterson Financial Group Inc. acquired a new stake in Standex International in the third quarter worth $44,000. US Bancorp DE increased its stake in Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Standex International by 95.5% during the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.