Standex International (NYSE:SXI) Posts Earnings Results

Standex International (NYSE:SXI) issued its quarterly earnings data on Thursday. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.10, Zacks reports. Standex International had a return on equity of 14.38% and a net margin of 11.18%.During the same quarter in the previous year, the company earned $2.28 EPS. The firm’s revenue was up 2.8% on a year-over-year basis.

Standex International Stock Up 4.6%

Shares of SXI stock traded up $12.73 during trading hours on Thursday, reaching $287.19. 168,924 shares of the company’s stock were exchanged, compared to its average volume of 155,813. Standex International has a fifty-two week low of $163.29 and a fifty-two week high of $363.89. The stock’s 50 day moving average is $304.00 and its 200-day moving average is $273.55. 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 cap of $3.48 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 3.06 and a beta of 1.03.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio is presently 16.57%.

Analyst Ratings Changes

SXI has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and set a $323.00 target price on shares of Standex International in a research report on Monday, May 4th. Weiss Ratings upgraded Standex International from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 16th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its stake in 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 valued at $297,643,000 after buying an additional 520,506 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after acquiring an additional 94,415 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Standex International by 23.4% during the fourth 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. Jane Street Group LLC increased its holdings in shares of Standex International by 317.4% during the fourth quarter. Jane Street Group LLC now owns 45,349 shares of the industrial products company’s stock valued at $9,853,000 after acquiring an additional 34,485 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Standex International by 23.6% in the 3rd quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company’s stock valued at $35,975,000 after purchasing an additional 32,423 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other 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.