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

Standex International Corporation (NYSE:SXI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $236.18 and traded as high as $264.85. Standex International shares last traded at $254.5650, with a volume of 144,523 shares changing hands.

Wall Street Analyst Weigh In

SXI has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Barrington Research reaffirmed an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Roth Mkm upped their price target on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, DA Davidson increased their price target on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Standex International has an average rating of “Moderate Buy” and an average price target of $281.33.

Standex International Stock Down 0.1%

The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.15 billion, a P/E ratio of 58.21 and a beta of 1.09. The firm has a 50-day simple moving average of $253.59 and a two-hundred day simple moving average of $236.70.

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

Standex International Announces Dividend

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

Insider Buying and Selling

In related news, Director Thomas E. Chorman sold 513 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director owned 12,666 shares of the company’s stock, valued at $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andy L. Nemeth acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of $245.00 per share, with a total value of $490,000.00. Following the transaction, the director directly owned 8,639 shares of the company’s stock, valued at $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 16,013 shares of company stock valued at $4,101,963 over the last 90 days. 2.52% of the stock is currently owned by insiders.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its position in Standex International by 94.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 432 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 210 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 50 shares during the last quarter. MidFirst Bank acquired a new position in shares of Standex International during the 4th quarter worth $199,000. Virtu Financial LLC bought a new stake in shares of Standex International during the 4th quarter worth $517,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Standex International by 73.1% in the fourth 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 buying an additional 94,415 shares in 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.