Standex International (NYSE:SXI) Stock Passes Above 200-Day Moving Average – What’s Next?

Standex International Corporation (NYSE:SXI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $209.70 and traded as high as $244.35. Standex International shares last traded at $237.4980, with a volume of 105,310 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on SXI. DA Davidson restated a “buy” rating and issued a $272.00 target price on shares of Standex International in a report on Monday, November 24th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Finally, Roth Capital raised their price objective on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Standex International Stock Down 0.7%

The firm has a market capitalization of $2.88 billion, a PE ratio of 54.47 and a beta of 1.12. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $233.10 and a two-hundred day moving average of $210.05.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $217.43 million during the quarter, compared to analyst estimates of $215.96 million. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities research analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is an increase from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. Standex International’s dividend payout ratio (DPR) is currently 31.19%.

Insider Buying and Selling at Standex International

In related news, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the transaction, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David A. Dunbar sold 18,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total value of $4,230,000.00. Following the completion of the sale, the chief executive officer owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,473 shares of company stock worth $5,024,509. 2.52% of the stock is currently owned by insiders.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of 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 valued at $7,263,000 after purchasing an additional 23,643 shares during the period. AQR Capital Management LLC lifted its holdings in Standex International by 13.7% in 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 position in Standex International by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after buying an additional 308 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Standex International during the first quarter valued at about $341,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Standex International by 3.9% during the first 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 acquiring an additional 1,509 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.