Brokerages Set Standex International Corporation (NYSE:SXI) Target Price at $281.33

Standex International Corporation (NYSE:SXI) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $281.3333.

Several equities analysts have weighed in on SXI shares. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. DA Davidson boosted their price objective on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Roth Mkm increased their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Barrington Research reissued an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st.

Insider Transactions at Standex International

In other Standex International news, Director Andy L. Nemeth bought 2,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average cost of $245.00 per share, with a total value of $490,000.00. Following the completion of the transaction, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. The trade was a 30.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,013 shares of company stock valued at $4,101,963 in the last quarter. Corporate insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently bought and sold shares of SXI. MidFirst Bank bought a new position in Standex International during the fourth quarter valued at about $199,000. Virtu Financial LLC acquired a new position in shares of Standex International during the 4th quarter valued at about $517,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Standex International by 73.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after acquiring an additional 94,415 shares in the last quarter. Invesco Ltd. lifted its holdings in Standex International by 27.6% in the 4th quarter. Invesco Ltd. now owns 60,912 shares of the industrial products company’s stock worth $13,235,000 after purchasing an additional 13,184 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Standex International by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 50 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Trading Down 3.4%

NYSE SXI opened at $255.82 on Friday. The firm’s 50 day moving average price is $246.57 and its two-hundred day moving average price is $231.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. Standex International has a twelve month low of $128.85 and a twelve month high of $270.87. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 57.36 and a beta of 1.09.

Standex International (NYSE:SXI) last issued its earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Equities analysts anticipate that Standex International will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 30.49%.

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.