Standex International (NYSE:SXI) Receives “Outperform” Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Standex International (NYSE:SXI) in a research note released on Friday,Benzinga reports. Barrington Research currently has a $220.00 price target on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson boosted their price objective on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.

Standex International Stock Performance

SXI opened at $185.60 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.63 and a beta of 1.06. Standex International has a 52-week low of $154.45 and a 52-week high of $212.65. The firm’s fifty day simple moving average is $188.40 and its two-hundred day simple moving average is $186.95.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities analysts anticipate that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International’s dividend payout ratio (DPR) is 27.95%.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Standex International by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock worth $265,283,000 after purchasing an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC increased its stake in shares of Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock valued at $109,283,000 after purchasing an additional 11,774 shares during the period. Wasatch Advisors LP increased its stake in shares of Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after acquiring an additional 64,373 shares during the period. State Street Corp increased its stake in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after acquiring an additional 23,786 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after acquiring an additional 46,869 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.