Standex International (NYSE:SXI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Standex International Corporation (NYSE:SXI)’s stock price 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 changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on SXI shares. DA Davidson lifted their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm raised their price objective 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. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Three equities 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 has a consensus rating of “Moderate Buy” and an average target price of $281.33.

Standex International Stock Up 1.1%

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The stock has a market capitalization of $3.09 billion, a P/E ratio of 57.08 and a beta of 1.09. The firm has a 50 day moving average of $252.98 and a 200-day moving average of $236.18.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. During the same quarter last year, the company earned $1.91 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Standex International Corporation 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. Investors of record on Friday, February 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is 30.49%.

Insider Buying and Selling at Standex International

In other Standex International news, Director Andy L. Nemeth purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the business’s stock in a transaction on 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 directly owned 12,666 shares in the company, valued at $3,293,160. This trade represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,013 shares of company stock worth $4,101,963 over the last three months. 2.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SXI. Rockefeller Capital Management L.P. lifted its stake in Standex International by 94.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 432 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 210 shares during the period. Corient Private Wealth LLC grew its stake in shares of Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 50 shares during the period. MidFirst Bank acquired a new position in shares of Standex International in the 4th quarter worth approximately $199,000. Virtu Financial LLC acquired a new position in shares of Standex International in the 4th quarter worth approximately $517,000. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Standex International by 73.1% during 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 buying an additional 94,415 shares during the period. Institutional investors and hedge funds 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.