Standex International (NYSE:SXI) Sets New 12-Month High – Should You Buy?

Standex International Corporation (NYSE:SXI) shares hit a new 52-week high on Monday . The stock traded as high as $312.50 and last traded at $312.7960, with a volume of 3307 shares. The stock had previously closed at $303.16.

Analysts Set New Price Targets

SXI has been the subject of several recent research reports. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Stock Performance

The firm has a market capitalization of $3.79 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.08. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $270.58 and a 200-day moving average of $254.57.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s dividend payout ratio is presently 16.57%.

Institutional Trading of Standex International

A number of institutional investors have recently modified their holdings of the company. Wasatch Advisors LP boosted its holdings in shares of Standex International by 61.3% during the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after purchasing an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted 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 purchasing an additional 74,599 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Standex International by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after purchasing an additional 798 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Standex International by 73.1% during 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 purchasing an additional 94,415 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 purchasing an additional 6,092 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.