Standex International (NYSE:SXI) Hits New 1-Year High – Here’s What Happened

Standex International Corporation (NYSE:SXI)’s stock price hit a new 52-week high on Monday . The company traded as high as $344.30 and last traded at $336.40, with a volume of 584516 shares traded. The stock had previously closed at $340.50.

Analysts Set New Price Targets

SXI has been the subject of a number of research reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Stock Up 0.9%

The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $4.34 billion, a PE ratio of 43.62, a PEG ratio of 4.60 and a beta of 1.08. The firm’s fifty day moving average is $284.49 and its 200-day moving average is $261.57.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share 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 $224.59 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same period in the prior year, the firm posted $1.95 EPS. Standex International’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s dividend payout ratio (DPR) is 16.57%.

Hedge Funds Weigh In On Standex International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its stake in Standex International by 61.3% in the 4th 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 position 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 purchasing an additional 94,415 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Standex International in the third quarter valued at $19,763,000. Kennedy Capital Management LLC acquired a new stake in Standex International in the third quarter valued at $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Standex International by 23.4% in the fourth 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. 90.35% of the stock is owned by institutional investors and hedge funds.

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.