Standex International Corporation (NYSE:SXI) Receives $281.33 Consensus PT from Analysts

Shares of Standex International Corporation (NYSE:SXI) have received an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $281.3333.

Several research firms recently weighed in on SXI. Roth Mkm raised their price objective on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson increased their target price on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Barrington Research reiterated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st.

Insiders Place Their Bets

In other Standex International 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 sale, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy L. Nemeth purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was bought at an average cost of $245.00 per share, with a total value of $490,000.00. Following the purchase, the director owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Several institutional investors have recently added to or reduced their stakes in SXI. Global Retirement Partners LLC raised its holdings in Standex International by 635.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,148 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 992 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Standex International by 9,509.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,207 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 7,132 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Standex International by 538.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after buying an additional 46,838 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 95 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Standex International by 7.9% during the fourth quarter. Benjamin Edwards Inc. now owns 3,906 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 285 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Up 6.3%

Shares of Standex International stock opened at $254.76 on Wednesday. The firm’s 50 day moving average is $237.57 and its 200 day moving average is $221.45. The firm has a market capitalization of $3.09 billion, a PE ratio of 57.12 and a beta of 1.13. Standex International has a 1 year low of $128.85 and a 1 year high of $263.00. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to the consensus estimate 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 was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. Equities research analysts forecast that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, February 13th. Standex International’s payout ratio is 30.49%.

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.