Standex International Corporation (NYSE:SXI) Plans Quarterly Dividend of $0.34

Standex International Corporation (NYSE:SXI) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be given a dividend of 0.34 per share by the industrial products company on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 8th.

Standex International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Standex International has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $10.05 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.5%.

Standex International Trading Down 0.7%

Shares of SXI stock opened at $274.95 on Friday. Standex International has a 1-year low of $133.96 and a 1-year high of $284.71. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 3.52 and a beta of 1.11. 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 stock has a 50 day simple moving average of $260.61 and a 200-day simple moving average of $244.99.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. On average, equities research analysts expect that Standex International will post 8.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SXI shares. DA Davidson boosted their target price on shares of Standex International from $298.00 to $323.00 and gave the stock a “buy” rating in a research note on Monday. Barrington Research reiterated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Monday. Roth Mkm raised their target price on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $289.67.

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.