Standex International Corporation (NYSE:SXI) Declares $0.34 Quarterly Dividend

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.34 per share by the industrial products company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, February 13th.

Standex International has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Standex International has a payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.62 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 14.1%.

Standex International Stock Performance

SXI stock traded down $5.60 during trading on Friday, reaching $242.14. The stock had a trading volume of 86,456 shares, compared to its average volume of 121,267. The stock’s 50 day moving average is $235.27 and its two-hundred day moving average is $215.00. The firm has a market cap of $2.93 billion, a PE ratio of 55.54 and a beta of 1.12. Standex International has a 52 week low of $128.85 and a 52 week high of $253.14. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77.

Standex International (NYSE:SXI) last announced its earnings results on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a return on equity of 14.20% and a net margin of 6.29%.Standex International’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $1.84 EPS. As a group, equities analysts anticipate that Standex International will post 7.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $272.00 target price on shares of Standex International in a research report on Monday, November 24th. Roth Mkm boosted their price target on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $264.00.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.