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

Shares of Standex International Corporation (NYSE:SXI) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One research 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 a report on the stock in the last year is $289.6667.

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Barrington Research reissued an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, March 9th. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th.

Standex International Trading Up 0.7%

Standex International stock opened at $318.44 on Thursday. 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’s 50-day simple moving average is $278.39 and its 200-day simple moving average is $258.49. The firm has a market capitalization of $3.86 billion, a PE ratio of 38.79, a PEG ratio of 4.09 and a beta of 1.08. Standex International has a 52 week low of $152.64 and a 52 week high of $327.28.

Standex International (NYSE:SXI) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. Standex International’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. Equities research analysts forecast that Standex International will post 8.58 earnings per share for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s payout ratio is currently 16.57%.

Institutional Trading of Standex International

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after purchasing an additional 520,506 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Standex International by 73.1% during the fourth 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Standex International in the 3rd quarter valued at $19,763,000. Kennedy Capital Management LLC bought a new stake in Standex International in the 3rd quarter valued at $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Standex International by 23.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after buying an additional 74,599 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

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.