Standex International’s (SXI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Standex International (NYSE:SXIFree Report) in a report released on Wednesday, Benzinga reports. Barrington Research currently has a $220.00 price target on the industrial products company’s stock.

Several other research firms have also recently commented on SXI. DA Davidson raised their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Benchmark raised their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday.

View Our Latest Stock Report on Standex International

Standex International Price Performance

Shares of SXI opened at $189.16 on Wednesday. Standex International has a 1 year low of $130.04 and a 1 year high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.56 and a beta of 1.03. The business has a 50-day moving average of $176.42 and a 200-day moving average of $172.47.

Standex International (NYSE:SXIGet Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The business had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. During the same quarter last year, the firm posted $1.74 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Standex International will post 7.67 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 0.68%. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is 20.71%.

Institutional Investors Weigh In On Standex International

Several institutional investors have recently bought and sold shares of SXI. Champlain Investment Partners LLC grew its holdings in Standex International by 4.6% during the first quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock worth $116,104,000 after buying an additional 27,990 shares in the last quarter. Millennium Management LLC purchased a new position in Standex International in the second quarter worth $4,299,000. Lord Abbett & CO. LLC purchased a new position in Standex International in the first quarter worth $4,647,000. Squarepoint Ops LLC purchased a new position in Standex International in the second quarter worth $3,523,000. Finally, Raymond James & Associates boosted its position in Standex International by 32.3% in the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after purchasing an additional 11,516 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

About Standex International

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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.

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