Standex International Corporation (NYSE:SXI) Given Consensus Rating of “Moderate Buy” by Brokerages

Standex International Corporation (NYSE:SXI) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $289.6667.

A number of research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. DA Davidson reissued a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd.

Standex International Trading Up 0.7%

SXI stock opened at $318.44 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.86 billion, a P/E ratio of 38.79, a P/E/G ratio of 4.09 and a beta of 1.08. Standex International has a 1-year low of $152.64 and a 1-year high of $327.28. The business’s 50 day moving average is $278.39 and its 200-day moving average is $258.49.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. Standex International’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 EPS. Equities analysts anticipate that Standex International will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

Institutional Trading of Standex International

Several hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its holdings in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. boosted its position in Standex International by 132.7% in the 4th 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. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the 3rd quarter valued at $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Standex International during the first quarter worth $29,000. Finally, Simplex Trading LLC bought a new stake in shares of Standex International during the fourth quarter worth $35,000. 90.35% of the stock is owned by institutional investors.

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.