Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Standex International Corporation (NYSE:SXI) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $264.00.

A number of equities analysts have recently commented on the stock. Roth Capital lifted their target price on shares of Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Thursday, November 20th. DA Davidson reiterated a “buy” rating and set a $272.00 target price on shares of Standex International in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th.

Insider Buying and Selling

In related news, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the sale, the director directly owned 13,229 shares of the company’s stock, valued at $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vineet Kshirsagar sold 650 shares of Standex International 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 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,473 shares of company stock worth $5,024,509 over the last three months. 2.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Consulate Inc. purchased a new position in Standex International during the third quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Standex International during the 3rd quarter worth approximately $28,000. AlphaQuest LLC increased its position in Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Huntington National Bank raised its stake in shares of Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after buying an additional 196 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Down 0.7%

Shares of NYSE SXI opened at $237.50 on Friday. The business has a 50-day moving average price of $233.10 and a 200 day moving average price of $209.70. The stock has a market cap of $2.88 billion, a PE ratio of 54.47 and a beta of 1.12. The company has a quick ratio of 2.07, a current ratio of 2.87 and a debt-to-equity ratio of 0.77. Standex International has a 52-week low of $128.85 and a 52-week high of $252.78.

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

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a $0.34 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is 31.19%.

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.