Standex International (NYSE:SXI) Receives “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Standex International (NYSE:SXI) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $260.00 target price on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Roth Capital lifted their price objective on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday. Finally, DA Davidson lifted their price objective on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $246.33.

Standex International Stock Up 0.7%

Shares of SXI opened at $234.89 on Monday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 50.62, a P/E/G ratio of 3.07 and a beta of 1.15. Standex International has a 12-month low of $128.85 and a 12-month high of $247.16. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $217.56 and a 200-day moving average price of $182.05.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $217.43 million during the quarter, compared to analyst estimates of $215.96 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. Standex International has set its FY 2026 guidance at EPS. Equities research analysts expect that Standex International will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s payout ratio is 31.19%.

Insider Activity at Standex International

In related news, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the transaction, the director directly owned 8,439 shares of the company’s stock, valued at $1,709,741.40. This trade represents a 26.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the completion of the transaction, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at $24,433,655. The trade was a 14.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,992 shares of company stock valued at $10,401,179 over the last ninety days. 2.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP increased its holdings in Standex International by 62.4% in the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after buying an additional 332,941 shares during the period. Champlain Investment Partners LLC increased its holdings in Standex International by 2.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock worth $94,372,000 after buying an additional 12,544 shares during the period. Geode Capital Management LLC increased its holdings in 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 worth $44,877,000 after buying an additional 7,522 shares during the period. Allspring Global Investments Holdings LLC increased 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 buying an additional 4,621 shares during the period. Finally, Northern Trust Corp increased its holdings in Standex International by 2.1% in the 1st quarter. Northern Trust Corp now owns 209,316 shares of the industrial products company’s stock worth $33,782,000 after buying an additional 4,389 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.