Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Standex International Corporation (NYSE:SXI) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $289.6667.

A number of analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research report on Monday, March 9th. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. DA Davidson reiterated a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Zacks Research cut Standex International from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Roth Mkm lifted their price objective on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd.

Standex International Trading Up 0.6%

Standex International stock opened at $277.06 on Friday. The stock has a market cap of $3.36 billion, a PE ratio of 33.75, a P/E/G ratio of 3.59 and a beta of 1.09. The stock has a 50-day moving average price of $262.88 and a 200 day moving average price of $250.01. Standex International has a 52 week low of $147.75 and a 52 week high of $284.71. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The company had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. Equities research analysts predict that Standex International will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s payout ratio is 16.57%.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC purchased a new stake in Standex International in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC grew its holdings in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares during the period. UMB Bank n.a. grew its holdings 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 valued at $28,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the 3rd quarter valued at about $28,000. Finally, State of Wyoming purchased a new stake in Standex International in the 1st quarter valued at about $37,000. Hedge funds and other 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.