Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Standex International Corporation (NYSE:SXI) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $289.6667.

SXI has been the topic of several research analyst reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reaffirmed a “buy” rating and set a $323.00 target price on shares of Standex International in a report on Monday, May 4th. Barrington Research reiterated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Finally, Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th.

Institutional Trading of Standex International

Hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new position in Standex International in the 1st quarter valued at $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International in the third quarter valued at about $28,000. Finally, State of Wyoming bought a new stake in shares of Standex International in the first quarter valued at about $37,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Performance

Shares of NYSE SXI opened at $349.21 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.23 billion, a P/E ratio of 42.54, a P/E/G ratio of 4.63 and a beta of 1.03. Standex International has a 12 month low of $152.64 and a 12 month high of $363.89. The stock has a 50 day moving average of $285.89 and a 200-day moving average of $262.27.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business had revenue of $224.59 million during the quarter, compared to the consensus estimate of $225.16 million. During the same quarter last year, the company posted $1.95 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that Standex International will post 8.58 EPS for the current year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International’s dividend payout ratio is presently 16.57%.

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.