Standex International’s (SXI) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Standex International (NYSE:SXI) in a research report report published on Monday morning,Benzinga reports. Barrington Research currently has a $260.00 price objective on the industrial products company’s stock.

SXI has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. DA Davidson boosted their target price on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Roth Mkm raised their price target on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Standex International currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.33.

Standex International Price Performance

SXI stock opened at $242.15 on Monday. Standex International has a 1 year low of $128.85 and a 1 year high of $263.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The firm has a market capitalization of $2.93 billion, a PE ratio of 54.29 and a beta of 1.13. The business has a 50 day simple moving average of $237.45 and a 200-day simple moving average of $220.62.

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

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s payout ratio is 30.49%.

Insider Buying and Selling

In other news, Director Andy L. Nemeth purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas E. Chorman sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the transaction, the director owned 13,229 shares of the company’s stock, valued at approximately $2,954,167.99. This represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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 the company. Financial Consulate Inc. purchased a new position in Standex International during the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International during the third quarter worth about $28,000. AlphaQuest LLC boosted its stake in shares of Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 83 shares during the period. Finally, Huntington National Bank grew its holdings in shares of Standex International by 52.6% in the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares in the last quarter. 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.