Brokerages Set Standex International Corporation (NYSE:SXI) PT at $298.67

Shares of Standex International Corporation (NYSE:SXI) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $298.6667.

Several research analysts have weighed in on the company. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson set a $350.00 price target on Standex International in a research report on Tuesday, August 4th.

Standex International Trading Down 1.8%

Shares of NYSE SXI opened at $321.17 on Friday. The company’s fifty day moving average is $316.29 and its 200-day moving average is $281.18. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 3.69 and a beta of 1.06. Standex International has a twelve month low of $197.00 and a twelve month high of $363.89. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

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

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SXI. GAMMA Investing LLC boosted 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 valued at $108,000 after purchasing an additional 35 shares during the period. Corient Private Wealth LLC grew its holdings 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 in the last quarter. Personal CFO Solutions LLC increased its position in Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after buying an additional 54 shares during the period. Cornerstone Planning Group LLC increased its position in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Institutional investors 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.