Standex International Corporation (NYSE:SXI) issued its earnings results on Monday. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11, Bloomberg Earnings reports. The company had revenue of $217.10 million for the quarter, compared to the consensus estimate of $210.05 million. Standex International Corporation had a return on equity of 14.88% and a net margin of 6.01%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS.

Shares of Standex International Corporation (SXI) opened at 95.40 on Tuesday. The company has a 50 day moving average price of $93.38 and a 200 day moving average price of $92.95. The company has a market cap of $1.22 billion, a PE ratio of 27.60 and a beta of 1.54. Standex International Corporation has a 52 week low of $74.35 and a 52 week high of $101.24.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Monday, August 7th were paid a $0.16 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.64 annualized dividend and a dividend yield of 0.67%. Standex International Corporation’s payout ratio is 18.60%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. raised its position in shares of Standex International Corporation by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock valued at $152,000 after buying an additional 17 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Standex International Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,410 shares of the industrial products company’s stock valued at $141,000 after buying an additional 30 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Standex International Corporation by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock valued at $208,000 after buying an additional 45 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Standex International Corporation by 1.2% in the first quarter. Advisors Asset Management Inc. now owns 4,320 shares of the industrial products company’s stock valued at $433,000 after buying an additional 53 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Standex International Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 9,305 shares of the industrial products company’s stock valued at $844,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

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A number of equities analysts have recently weighed in on SXI shares. Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $103.00 to $115.00 in a report on Friday, May 19th. Zacks Investment Research downgraded Standex International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. FBR & Co reiterated a “buy” rating on shares of Standex International Corporation in a report on Tuesday, July 18th. Finally, BidaskClub upgraded Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $108.50.

Standex International Corporation Company Profile

Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.

Earnings History for Standex International Corporation (NYSE:SXI)

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