Standex International (NYSE:SXI) Issues Earnings Results

Standex International (NYSE:SXI) issued its quarterly earnings results on Thursday. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08, Zacks reports. Standex International had a net margin of 6.29% and a return on equity of 14.20%.

Standex International Stock Up 1.9%

Shares of Standex International stock traded up $4.66 during midday trading on Thursday, hitting $246.72. The company’s stock had a trading volume of 158,595 shares, compared to its average volume of 124,721. The stock has a 50-day simple moving average of $236.43 and a 200-day simple moving average of $217.56. The company has a quick ratio of 2.07, a current ratio of 2.87 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.99 billion, a P/E ratio of 56.59 and a beta of 1.12. Standex International has a 1-year low of $128.85 and a 1-year high of $253.14.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s dividend payout ratio (DPR) is 31.19%.

Analysts Set New Price Targets

SXI has been the topic of a number of research analyst reports. DA Davidson reiterated a “buy” rating and set a $272.00 target price on shares of Standex International in a research report on Monday, November 24th. Roth Mkm upped their target price on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Finally, Barrington Research restated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a report on Monday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total transaction of $419,508.76. Following the transaction, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at $2,149,550.92. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the completion of the transaction, the director owned 13,229 shares in the company, valued at $2,954,167.99. The trade was a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,473 shares of company stock valued at $794,509. 2.52% of the stock is owned by corporate insiders.

Institutional Trading of Standex International

Hedge funds have recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in shares of Standex International during the third quarter worth approximately $212,000. Amundi lifted its holdings in shares of Standex International by 5.0% during the 3rd quarter. Amundi now owns 2,085 shares of the industrial products company’s stock worth $451,000 after acquiring an additional 99 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Standex International in the 3rd quarter valued at $279,000. Corient Private Wealth LLC bought a new position in Standex International in the second quarter valued at about $344,000. Finally, Engineers Gate Manager LP acquired a new position in Standex International during the 2nd quarter worth approximately $218,000. 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.