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

Shares of Standex International Corporation (NYSE:SXI) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $281.3333.

SXI has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Roth Mkm boosted their price objective on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Sunday. DA Davidson lifted their price target on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research note on Monday.

Insider Activity at Standex International

In other news, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction on 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 approximately $2,954,167.99. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SXI. Financial Consulate Inc. bought a new stake in shares of Standex International in the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 68 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International in the third quarter worth approximately $28,000. AlphaQuest LLC boosted its holdings in Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 83 shares during the last quarter. Finally, Huntington National Bank increased its position in Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares during the period. 90.35% of the stock is owned by institutional investors.

Standex International Stock Up 0.9%

SXI stock opened at $248.92 on Wednesday. The firm has a 50-day moving average price of $237.48 and a 200-day moving average price of $220.47. Standex International has a 12 month low of $128.85 and a 12 month high of $263.00. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3.02 billion, a P/E ratio of 55.81 and a beta of 1.13.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The company had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. As a group, equities research analysts anticipate that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

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

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.