Standex International (NYSE:SXI) Given New $286.00 Price Target at Roth Mkm

Standex International (NYSE:SXI) had its price objective increased by Roth Mkm from $260.00 to $286.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other brokerages have also weighed in on SXI. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a report on Sunday. Finally, DA Davidson increased 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Price Performance

Shares of NYSE:SXI opened at $248.92 on Tuesday. The business has a fifty day moving average price of $237.48 and a 200-day moving average price of $220.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The company has a market capitalization of $3.02 billion, a PE ratio of 55.81 and a beta of 1.13. Standex International has a 1-year low of $128.85 and a 1-year high of $263.00.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.34 dividend. The ex-dividend date of this dividend 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 is currently 30.49%.

Insider Activity

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the sale, the director directly owned 13,229 shares in the company, valued at $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Standex International

A number of institutional investors and hedge funds have recently made changes to their positions in SXI. Wasatch Advisors LP increased its holdings in Standex International by 62.4% during the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock valued at $135,642,000 after buying an additional 332,941 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Standex International by 636.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after purchasing an additional 207,961 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Standex International in the 3rd quarter worth $19,763,000. Kennedy Capital Management LLC purchased a new position in Standex International during the third quarter valued at $17,766,000. Finally, UBS Group AG lifted its position in Standex International by 66.8% during the fourth quarter. UBS Group AG now owns 91,443 shares of the industrial products company’s stock valued at $19,869,000 after purchasing an additional 36,634 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

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.