Standex International (NYSE:SXI) Given Outperform Rating at Barrington Research

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

A number of other brokerages also recently weighed in on SXI. DA Davidson reaffirmed a “buy” rating and set a $272.00 target price on shares of Standex International in a research note on Monday, November 24th. Wall Street Zen raised Standex International from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Mkm boosted their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.00.

Standex International Price Performance

SXI opened at $247.76 on Monday. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 56.83 and a beta of 1.12. The stock has a fifty day simple moving average of $235.78 and a two-hundred day simple moving average of $216.81. Standex International has a 12-month low of $128.85 and a 12-month high of $253.14.

Standex International (NYSE:SXI) last announced its earnings results on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. Research analysts predict that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s payout ratio is presently 31.19%.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total transaction of $419,508.76. Following the transaction, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at $2,149,550.92. This represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vineet Kshirsagar sold 650 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total value of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares in the company, valued at approximately $1,177,818.39. This trade represents a 11.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,473 shares of company stock worth $794,509 over the last quarter. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. ZWJ Investment Counsel Inc. purchased a new position in Standex International in the fourth quarter worth about $236,000. State of Alaska Department of Revenue lifted its stake in shares of Standex International by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 6,851 shares of the industrial products company’s stock worth $1,488,000 after purchasing an additional 137 shares during the period. Financial Consulate Inc. boosted its holdings in shares of Standex International by 84.7% in the fourth quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock worth $47,000 after buying an additional 100 shares during the last quarter. SG Americas Securities LLC grew its position in Standex International by 186.1% during the fourth quarter. SG Americas Securities LLC now owns 5,106 shares of the industrial products company’s stock valued at $1,109,000 after buying an additional 3,321 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in Standex International by 31.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,978 shares of the industrial products company’s stock valued at $647,000 after buying an additional 712 shares during 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.