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

Shares of Standex International Corporation (NYSE:SXI) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $289.6667.

A number of equities research analysts have commented on SXI shares. Zacks Research downgraded Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a report on Monday, May 4th. Roth Mkm lifted their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note 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.

Standex International Price Performance

Standex International stock opened at $277.06 on Friday. Standex International has a one year low of $147.75 and a one year high of $284.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The business has a fifty day moving average of $262.88 and a two-hundred day moving average of $250.01. The company has a market cap of $3.36 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 3.59 and a beta of 1.09.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. During the same period last year, the business posted $1.95 EPS. Standex International’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Standex International will post 8.58 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid 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 was Friday, May 8th. Standex International’s payout ratio is 16.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SXI. Wasatch Advisors LP raised its stake in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after buying an additional 520,506 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake 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 last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Standex International during the 3rd quarter worth $19,763,000. Kennedy Capital Management LLC acquired a new position in shares of Standex International during the 3rd quarter worth $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Standex International by 23.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after buying an additional 74,599 shares during the last quarter. 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.