Standex International (NYSE:SXI) Releases Earnings Results, Beats Estimates By $0.08 EPS

Standex International (NYSE:SXI) issued its quarterly earnings results on Thursday. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08, Zacks reports. Standex International had a net margin of 6.29% and a return on equity of 14.20%.

Standex International Stock Up 1.9%

Shares of NYSE:SXI traded up $4.66 during trading on Thursday, reaching $246.72. 158,595 shares of the stock traded hands, compared to its average volume of 124,721. The stock has a market cap of $2.99 billion, a P/E ratio of 56.59 and a beta of 1.12. The stock has a 50-day moving average of $236.43 and a two-hundred day moving average of $217.56. Standex International has a 52-week low of $128.85 and a 52-week high of $253.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.07 and a current ratio of 2.87.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 31.19%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 1,823 shares of Standex International stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total value of $419,508.76. Following the completion of the sale, the chief financial officer directly owned 9,341 shares in the company, valued at $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vineet Kshirsagar sold 650 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total value of $151,690.50. Following the sale, the insider owned 5,047 shares of the company’s stock, valued at approximately $1,177,818.39. This represents a 11.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,473 shares of company stock valued at $794,509. 2.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Standex International by 110.7% in the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after purchasing an additional 23,643 shares during the period. AQR Capital Management LLC boosted its position in Standex International by 13.7% in the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock valued at $851,000 after buying an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday. Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Roth Mkm increased their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, DA Davidson reissued a “buy” rating and issued a $272.00 price target on shares of Standex International in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.00.

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.