Fintel reports that on August 7, 2023, Benchmark reiterated coverage of Standex International (NYSE:SXI) with a Buy recommendation.
Analyst Price Forecast Suggests 5.56% Downside
As of August 2, 2023, the average one-year price target for Standex International is 150.45. The forecasts range from a low of 141.40 to a high of $160.12. The average price target represents a decrease of 5.56% from its latest reported closing price of 159.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Standex International is 837MM, an increase of 12.90%. The projected annual non-GAAP EPS is 7.47.
Standex International Declares $0.28 Dividend
On July 27, 2023 the company declared a regular quarterly dividend of $0.28 per share ($1.12 annualized). Shareholders of record as of August 9, 2023 will receive the payment on August 25, 2023. Previously, the company paid $0.28 per share.
At the current share price of $159.30 / share, the stock's dividend yield is 0.70%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.12%, the lowest has been 0.63%, and the highest has been 2.15%. The standard deviation of yields is 0.26 (n=235).
The current dividend yield is 1.62 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.10. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.27%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 493 funds or institutions reporting positions in Standex International. This is an increase of 17 owner(s) or 3.57% in the last quarter. Average portfolio weight of all funds dedicated to SXI is 0.14%, an increase of 13.28%. Total shares owned by institutions increased in the last three months by 2.15% to 13,283K shares. 
The put/call ratio of SXI is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 869K shares representing 7.30% ownership of the company. In it's prior filing, the firm reported owning 888K shares, representing a decrease of 2.25%. The firm increased its portfolio allocation in SXI by 13.62% over the last quarter.
Champlain Investment Partners holds 597K shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.16%. The firm increased its portfolio allocation in SXI by 115,924.70% over the last quarter.
Silvercrest Asset Management Group holds 555K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 569K shares, representing a decrease of 2.50%. The firm increased its portfolio allocation in SXI by 15.22% over the last quarter.
Copeland Capital Management holds 545K shares representing 4.58% ownership of the company. In it's prior filing, the firm reported owning 607K shares, representing a decrease of 11.27%. The firm decreased its portfolio allocation in SXI by 62.49% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 374K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 371K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in SXI by 11.41% over the last quarter.
Standex International Background Information
(This description is provided by the company.)
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, South Africa, Indiaand China.
Additional reading:
- STANDEX REPORTS FISCAL FOURTH QUARTER 2023 FINANCIAL RESULTS
- Subsidiaries of Standex International Corporation
- Powers of Attorney of Charles H. Cannon, Thomas E. Chorman, Robin J Davenport, Jeffrey S. Edwards, B. Joanne Edwards, Thomas J. Hansen, and Michael A. Hickey
- STANDEX REPORTS FISCAL SECOND QUARTER 2023 FINANCIAL RESULTS
- Third Amended and Restated Credit Agreement Dated February 2, 2023 by and among Standex International Corporation, Citizens Bank, N.A.; Bank of America N.A.; TD Bank, N.A., JPMorgan Chase Bank, N.A.; and Truist Bank
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
