Standex International Corporation (NYSE:SXI) Receives $298.67 Consensus Target Price from Analysts

Standex International Corporation (NYSE:SXI) has received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $298.6667.

Several brokerages recently commented on SXI. Weiss Ratings cut Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. DA Davidson reaffirmed a “buy” rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently bought and sold shares of SXI. BlackRock Inc. acquired a new stake in shares of Standex International in the second quarter worth about $640,120,000. Wasatch Advisors LP boosted its stake in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after acquiring an additional 520,506 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Standex International during the 2nd quarter valued at about $149,891,000. Geode Capital Management LLC increased its holdings in shares of Standex International by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock valued at $61,195,000 after acquiring an additional 798 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Standex International by 73.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares in 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 $309.28 on Friday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 3.49 and a beta of 1.06. Standex International has a 1 year low of $197.00 and a 1 year high of $363.89. 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 business has a fifty day simple moving average of $316.80 and a 200 day simple moving average of $282.14.

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

Standex International Announces Dividend

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

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.