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

Standex International Corporation (NYSE:SXI)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $214.01 and traded as high as $252.08. Standex International shares last traded at $250.1750, with a volume of 140,551 shares trading hands.

Analyst Ratings Changes

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

Standex International Stock Down 0.2%

The company has a quick ratio of 2.07, a current ratio of 2.87 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 57.38 and a beta of 1.12. The business’s 50-day moving average is $234.50 and its 200-day moving average is $214.01.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $217.43 million for the quarter, compared to the consensus estimate 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 for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $1.84 EPS. As a group, equities analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.34 per share. This is an increase from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, November 7th. Standex International’s dividend payout ratio (DPR) is 31.19%.

Insider Activity at Standex International

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the completion of the transaction, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total value of $151,690.50. Following the transaction, the insider owned 5,047 shares in the company, valued at $1,177,818.39. This represents a 11.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,473 shares of company stock worth $794,509 in the last three months. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Advantage Alpha Capital Partners LP increased its holdings in shares of Standex International by 27.1% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after buying an additional 5,863 shares during the last quarter. 1ST Source Bank acquired a new position in shares of Standex International in the 2nd quarter valued at $411,000. Inspire Investing LLC lifted its stake in shares of Standex International by 21.8% in the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 541 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Standex International by 17.9% during the 3rd quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after purchasing an additional 25,028 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Standex International during the 2nd quarter worth about $857,000. Institutional investors and hedge funds 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.