Analysts Set Standex International Corporation (NYSE:SXI) PT at $264.00

Standex International Corporation (NYSE:SXI) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $264.00.

SXI has been the topic of several recent research reports. Wall Street Zen lowered 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 report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price objective on shares of Standex International in a research note on Thursday, November 20th. Roth Capital lifted their price objective on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $272.00 target price on shares of Standex International in a research note on Monday, November 24th.

Insider Buying and Selling

In related news, Director Thomas E. Chorman sold 1,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the completion of the sale, the director directly owned 13,229 shares in the company, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David A. Dunbar sold 18,000 shares of the 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 sale, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at $24,433,655. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 21,473 shares of company stock worth $5,024,509. 2.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently modified their holdings of SXI. Wasatch Advisors LP boosted its holdings in shares of Standex International by 62.4% during the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after purchasing an additional 332,941 shares during the period. Champlain Investment Partners LLC raised its position in Standex International by 2.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock valued at $94,372,000 after purchasing an additional 12,544 shares during the last quarter. Geode Capital Management LLC raised its position in Standex International by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock valued at $44,877,000 after purchasing an additional 7,522 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Standex International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after buying an additional 4,621 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Standex International by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after buying an additional 6,092 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Stock Performance

NYSE:SXI opened at $239.42 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 54.91 and a beta of 1.12. The business has a 50 day moving average of $233.19 and a 200 day moving average of $211.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.87 and a quick ratio of 2.07. Standex International has a 1-year low of $128.85 and a 1-year high of $252.78.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. On average, sell-side analysts predict that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.34 dividend. The ex-dividend date was Friday, November 7th. 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 0.6%. Standex International’s dividend payout ratio is presently 31.19%.

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.