Standex International Corporation (NYSE:SXI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Standex International Corporation (NYSE:SXI) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $289.6667.

A number of equities research analysts have commented on SXI shares. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Barrington Research reiterated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research note on Monday, May 4th.

Standex International Trading Down 2.7%

Shares of NYSE SXI opened at $289.69 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The stock has a market capitalization of $3.51 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 3.76 and a beta of 1.08. Standex International has a 1-year low of $151.61 and a 1-year high of $298.47. The business has a fifty day moving average price of $266.22 and a 200 day moving average price of $251.97.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The company had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 earnings per share. Equities research analysts expect that Standex International will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.34 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Standex International’s dividend payout ratio (DPR) is 16.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SXI. Royal Bank of Canada increased its holdings in shares of Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after purchasing an additional 23,643 shares during the period. AQR Capital Management LLC increased its holdings in shares of Standex International by 13.7% in the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock valued at $1,118,000 after purchasing an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock valued at $6,474,000 after purchasing an additional 1,509 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 33,016 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

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.