Standex International (NYSE:SXI) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Standex International (NYSE:SXI) from a buy rating to a hold rating in a research note released on Sunday.

Other research analysts have also recently issued research reports about the stock. Barrington Research reissued an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $272.00 price objective on shares of Standex International in a report on Monday, November 24th. Finally, Roth Mkm raised their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average price target of $281.33.

Standex International Trading Up 0.9%

Shares of NYSE:SXI opened at $248.92 on Friday. Standex International has a 52-week low of $128.85 and a 52-week high of $263.00. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 55.81 and a beta of 1.13. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $237.48 and a 200-day moving average price of $220.47.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, January 29th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Standex International’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts predict that Standex International will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm 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 dividend of $0.34 per share. The ex-dividend date is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 30.49%.

Insider Buying and Selling at Standex International

In related news, Director Thomas E. Chorman sold 1,000 shares of the company’s 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 of the company’s stock, valued at approximately $2,954,167.99. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Consulate Inc. acquired a new stake in Standex International in the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC lifted its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Standex International during the third quarter valued at $28,000. AlphaQuest LLC grew its position in shares of Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 83 shares during the period. Finally, Huntington National Bank increased its stake in shares of Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 82 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.