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

Standex International Corporation (NYSE:SXI) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $298.6667.

A number of analysts recently weighed in on SXI shares. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and set a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th.

Insiders Place Their Bets

In other Standex International news, CEO David Dunbar sold 13,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $290.82, for a total value of $3,780,660.00. Following the sale, the chief executive officer owned 75,973 shares in the company, valued at $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,150 shares of company stock valued at $3,827,958 in the last 90 days. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Standex International by 13.1% in the 2nd quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock worth $108,000 after buying an additional 35 shares during the period. Corient Private Wealth LLC boosted its position in 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 buying an additional 50 shares during the period. Personal CFO Solutions LLC grew its stake in Standex International by 2.3% in the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. grew its stake in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 95 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Down 0.4%

Shares of SXI opened at $274.54 on Tuesday. Standex International has a twelve month low of $197.65 and a twelve month high of $363.89. The company has a market cap of $3.33 billion, a P/E ratio of 31.67, a P/E/G ratio of 3.08 and a beta of 1.04. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $310.20 and its 200-day simple moving average is $285.36.

Standex International (NYSE:SXI) last released its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The firm had revenue of $228.25 million during the quarter, compared to analyst estimates of $226.47 million. During the same quarter last year, the business earned $2.28 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Standex International will post 9.96 EPS for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th 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, August 7th. Standex International’s dividend payout ratio is 15.69%.

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.