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

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

A number of other brokerages have also weighed in on SXI. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Roth Mkm lifted their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, DA Davidson boosted their price objective on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Standex International has an average rating of “Moderate Buy” and an average target price of $281.33.

Standex International Stock Performance

Shares of SXI opened at $261.96 on Monday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 58.73 and a beta of 1.09. The business’s fifty day simple moving average is $247.69 and its two-hundred day simple moving average is $232.69. Standex International has a 12 month low of $128.85 and a 12 month high of $270.87. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

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

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was 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 Transactions at Standex International

In other news, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director owned 12,666 shares of the company’s stock, valued at $3,293,160. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andy L. Nemeth acquired 2,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the purchase, the director directly owned 8,639 shares in the company, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 16,013 shares of company stock valued at $4,101,963. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXI. Wasatch Advisors LP boosted its stake in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after acquiring an additional 520,506 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Standex International by 73.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after purchasing an additional 94,415 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Standex International in the 3rd quarter worth $19,763,000. Kennedy Capital Management LLC bought a new position in Standex International in the 3rd quarter worth $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Standex International by 23.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after purchasing an additional 74,599 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.