Standex International (NYSE:SXI) Issues Earnings Results, Beats Estimates By $0.10 EPS

Standex International (NYSE:SXI) issued its quarterly earnings results on Thursday. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10, Zacks reports. The firm had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a return on equity of 14.64% and a net margin of 11.73%.The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share.

Standex International Trading Up 3.2%

Shares of SXI stock traded up $9.23 on Friday, reaching $296.48. 198,847 shares of the company’s stock were exchanged, compared to its average volume of 151,336. 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’s fifty day simple moving average is $305.52 and its 200 day simple moving average is $274.06. Standex International has a 52 week low of $163.29 and a 52 week high of $363.89. The stock has a market capitalization of $3.59 billion, a PE ratio of 34.20, a P/E/G ratio of 3.20 and a beta of 1.03.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.34 per share. 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 0.5%. Standex International’s dividend payout ratio is currently 16.57%.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings upgraded Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $289.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Standex International by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 50 shares during the period. Virtu Financial LLC purchased a new position in shares of Standex International in the fourth quarter worth $517,000. T. Rowe Price Investment Management Inc. lifted its position in Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after acquiring an additional 94,415 shares during the period. Invesco Ltd. boosted its position in Standex International by 27.6% in the fourth quarter. Invesco Ltd. now owns 60,912 shares of the industrial products company’s stock valued at $13,235,000 after buying an additional 13,184 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Standex International during the fourth quarter worth $297,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.