Standex International Corporation (NYSE:SXI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Standex International Corporation (NYSE:SXI) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $281.3333.

Several brokerages recently issued reports on SXI. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. DA Davidson upped their target price on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Roth Mkm raised their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, February 2nd.

Standex International Stock Down 1.8%

Standex International stock opened at $250.94 on Friday. Standex International has a twelve month low of $128.85 and a twelve month high of $270.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The firm has a market cap of $3.04 billion, a PE ratio of 56.26 and a beta of 1.09. The firm’s 50 day moving average price is $246.99 and its two-hundred day moving average price is $232.04.

Standex International (NYSE:SXI) last issued its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The company had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. During the same quarter last year, the business posted $1.91 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, research analysts predict that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Standex International

In other Standex International news, Director Andy L. Nemeth purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the acquisition, the director owned 8,639 shares of the company’s stock, valued at $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the sale, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,013 shares of company stock valued at $4,101,963 over the last three months. 2.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its position in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after buying an additional 520,506 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Standex International by 2.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock valued at $94,372,000 after acquiring an additional 12,544 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Standex International by 23.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after acquiring an additional 74,599 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Standex International by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock valued at $44,877,000 after acquiring an additional 7,522 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after purchasing an additional 4,621 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

About Standex International

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.