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

Standex International Corporation (NYSE:SXI) has received a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $281.3333.

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

Standex International Trading Up 1.3%

NYSE:SXI opened at $262.27 on Friday. Standex International has a twelve month low of $128.85 and a twelve month high of $270.87. The business has a 50 day moving average price of $243.94 and a two-hundred day moving average price of $230.13. The company has a market cap of $3.18 billion, a P/E ratio of 58.81 and a beta of 1.13. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last released its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. As a group, analysts expect that Standex International will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

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

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the transaction, the chief executive officer owned 88,973 shares in the company, valued at $22,771,749.62. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the transaction, the insider directly owned 4,647 shares of the company’s stock, valued at $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,450 shares of company stock worth $3,955,633 in the last quarter. Corporate insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SXI. Royal Bank of Canada increased its holdings in Standex International by 110.7% in 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 during the period. AQR Capital Management LLC raised its stake in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after acquiring an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Standex International by 3.9% during the 1st 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 purchasing an additional 1,509 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Standex International by 902.1% during the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after purchasing an additional 33,016 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

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.