Standex International’s (SXI) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Standex International (NYSE:SXI) in a report published on Thursday,Benzinga reports. They currently have a $350.00 price target on the industrial products company’s stock.

SXI has been the subject of a number of other reports. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $298.67.

Standex International Stock Performance

NYSE SXI opened at $311.36 on Thursday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.46 and a beta of 1.06. Standex International has a twelve month low of $197.00 and a twelve month high of $363.89. The stock has a fifty day simple moving average of $316.96 and a 200 day simple moving average of $282.34. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

Standex International (NYSE:SXI) last announced its earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $2.28 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Standex International will post 9.96 EPS for the current year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is presently 15.69%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SXI. Royal Bank of Canada increased its holdings in Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after purchasing an additional 23,643 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after buying an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Standex International by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Standex International by 902.1% during the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after buying an additional 33,016 shares during the period. 90.35% of the stock is owned by 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.