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

Shares of Standex International Corporation (NYSE:SXI) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $289.6667.

Several equities analysts have issued reports on SXI shares. DA Davidson reissued a “buy” rating and issued a $323.00 price target on shares of Standex International in a research note on Monday, May 4th. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Standex International by 13.1% during the second quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 35 shares in the last quarter. Corient Private Wealth LLC grew its position in Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 50 shares during the period. Personal CFO Solutions LLC increased its stake in Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock valued at $606,000 after purchasing an additional 54 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Standex International by 144.7% during the fourth 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 last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Standex International by 132.7% during the fourth 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 last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

SXI stock opened at $302.99 on Monday. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.39 and a beta of 1.03. The company’s fifty day simple moving average is $301.42 and its 200 day simple moving average is $272.35. Standex International has a 12-month low of $162.69 and a 12-month high of $363.89.

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). The business had revenue of $224.59 million during the quarter, compared to the consensus estimate of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $1.95 earnings per share. On average, analysts expect that Standex International will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 7th. Standex International’s payout ratio is presently 16.57%.

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.