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

Standex International Corporation (NYSE:SXI) has earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $264.00.

A number of research firms have commented on SXI. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Barrington Research reaffirmed 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 issued a $272.00 price target on shares of Standex International in a report on Monday, November 24th. Finally, Roth Capital raised their price objective on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, November 3rd.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 18,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the completion of the sale, the chief executive officer owned 103,973 shares in the company, valued at approximately $24,433,655. The trade was a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 1,823 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total transaction of $419,508.76. Following the sale, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,473 shares of company stock worth $5,024,509. Company insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Financial Consulate Inc. bought a new stake in Standex International during the third quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Standex International during the 3rd quarter worth $28,000. AlphaQuest LLC boosted its holdings in Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 83 shares during the last quarter. Huntington National Bank grew its stake in shares of Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of Standex International by 500.0% in the third quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 0.2%

Shares of SXI stock opened at $225.51 on Tuesday. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $252.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.07 and a current ratio of 2.87. The stock has a 50 day simple moving average of $235.54 and a two-hundred day simple moving average of $203.22. The company has a market cap of $2.73 billion, a P/E ratio of 51.72 and a beta of 1.10.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The company had revenue of $217.43 million during the quarter, compared to the consensus estimate of $215.96 million. During the same quarter last year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Research analysts forecast that Standex International will post 7.9 earnings per share for the current year.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio (DPR) is 31.19%.

Standex International Company Profile

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.