Standex International’s (SXI) “Outperform” Rating Reaffirmed at Barrington Research

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

A number of other brokerages have also issued reports on SXI. Roth Mkm boosted their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. DA Davidson upped their price objective on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.67.

Standex International Stock Up 2.7%

NYSE SXI opened at $246.41 on Monday. Standex International has a 12 month low of $128.85 and a 12 month high of $263.00. The company has a market capitalization of $2.99 billion, a P/E ratio of 55.25 and a beta of 1.13. The company’s 50 day simple moving average is $237.36 and its 200 day simple moving average is $219.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 29th. 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 firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. Equities research analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s payout ratio is presently 30.49%.

Insider Activity at Standex International

In other news, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the transaction, the director owned 13,229 shares in the company, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vineet Kshirsagar sold 650 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total transaction of $151,690.50. Following the transaction, the insider owned 5,047 shares in the company, valued at $1,177,818.39. This represents a 11.41% decrease in their position. The SEC filing for this sale provides additional information. 2.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Standex International

Institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP boosted its stake in shares of Standex International by 62.4% during the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after acquiring an additional 332,941 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in 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 during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Standex International during the third quarter worth approximately $19,763,000. Kennedy Capital Management LLC acquired a new position in Standex International during the third quarter valued at approximately $17,766,000. Finally, UBS Group AG grew its holdings 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 during the last quarter. 90.35% of the stock is currently owned by 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.