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

Shares of Standex International Corporation (NYSE:SXI) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One equities 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 brokers that have issued ratings on the stock in the last year is $281.3333.

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

Standex International Price Performance

NYSE:SXI opened at $260.29 on Wednesday. The business’s 50-day moving average is $238.28 and its 200 day moving average is $223.66. Standex International has a 12 month low of $128.85 and a 12 month high of $263.98. The company has a market capitalization of $3.15 billion, a P/E ratio of 58.36 and a beta of 1.13. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

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

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.34 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling at Standex International

In other news, Director Andy L. Nemeth purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average cost of $245.00 per share, with a total value of $490,000.00. Following the purchase, the director owned 8,639 shares in the company, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas E. Chorman sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the transaction, the director owned 13,229 shares in the company, valued at $2,954,167.99. The trade was a 7.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Standex International by 110.7% during the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after acquiring an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 33,016 shares during the period. 90.35% of the stock is currently owned by institutional investors.

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.