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

Shares of Standex International Corporation (NYSE:SXI) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research 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 brokers that have updated their coverage on the stock in the last year is $289.6667.

Several research firms recently weighed in on SXI. Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings 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. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Standex International by 23.4% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Standex International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock valued at $61,195,000 after buying an additional 798 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% in 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. Finally, Ameriprise Financial Inc. boosted its position in Standex International by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after acquiring an additional 6,092 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Price Performance

Shares of NYSE SXI opened at $302.99 on Monday. 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 firm has a fifty day moving average of $301.42 and a 200 day moving average of $272.08. The firm has a market cap of $3.67 billion, a PE ratio of 36.91, a PEG ratio of 3.44 and a beta of 1.03. Standex International has a one year low of $162.69 and a one year high of $363.89.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company had revenue of $224.59 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same period in the previous year, the business earned $1.95 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts predict that Standex International will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

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.