Standex International (NYSE:SXI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Standex International Corporation (NYSE:SXI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $236.18 and traded as high as $264.85. Standex International shares last traded at $254.5650, with a volume of 144,523 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SXI. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. DA Davidson increased their price objective on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Roth Mkm lifted their price objective on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $281.33.

Standex International Price Performance

The company’s 50-day simple moving average is $252.98 and its 200 day simple moving average is $236.18. The company has a market capitalization of $3.09 billion, a P/E ratio of 57.08 and a beta of 1.09. 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 quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The business 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 quarter last year, the firm earned $1.91 EPS. As a group, sell-side analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

Insider Buying and Selling

In other news, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was 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 in the company, valued at approximately $3,293,160. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total value of $3,839,100.00. Following the completion of the transaction, the chief executive officer directly owned 88,973 shares in the company, valued at $22,771,749.62. The trade was a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,013 shares of company stock worth $4,101,963 over the last ninety days. 2.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Standex International

A number of institutional investors and hedge funds have recently modified their holdings of SXI. Advantage Alpha Capital Partners LP lifted its position in Standex International by 27.1% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after acquiring an additional 5,863 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock valued at $34,994,000 after purchasing an additional 25,028 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Standex International in the third quarter valued at about $1,177,000. XTX Topco Ltd bought a new position in shares of Standex International in the second quarter worth about $857,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after purchasing an additional 4,621 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.