Standex International (NYSE:SXI) Releases Quarterly Earnings Results

Standex International (NYSE:SXI) released its quarterly earnings results on Thursday. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.10, Zacks reports. Standex International had a return on equity of 14.38% and a net margin of 11.18%.

Standex International Stock Up 4.6%

NYSE SXI traded up $12.73 during trading hours on Thursday, hitting $287.19. 168,924 shares of the company traded hands, compared to its average volume of 182,773. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The business’s 50-day moving average is $304.00 and its 200-day moving average is $273.55. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 3.28 and a beta of 1.03. Standex International has a twelve month low of $163.29 and a twelve month high of $363.89.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio is presently 16.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SXI shares. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. Finally, DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $289.67.

Institutional Investors Weigh In On Standex International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the 3rd quarter valued at approximately $28,000. UMB Bank n.a. raised its position in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Simplex Trading LLC bought a new stake in Standex International during the fourth quarter worth $35,000. Geneos Wealth Management Inc. lifted its stake in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 196 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Standex International by 432.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 324 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

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.