Standex International (NYSE:SXI) Sets New 12-Month High – Should You Buy?

Standex International Corporation (NYSE:SXI)’s share price reached a new 52-week high on Monday . The company traded as high as $312.50 and last traded at $312.7960, with a volume of 3307 shares traded. The stock had previously closed at $303.16.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SXI. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Up 3.1%

The stock has a market cap of $3.79 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.08. The firm has a fifty day moving average of $270.58 and a 200 day moving average of $254.57. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.95 EPS. On average, equities research analysts anticipate that Standex International Corporation will post 8.58 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International’s dividend payout ratio (DPR) is presently 16.57%.

Hedge Funds Weigh In On Standex International

Several hedge funds have recently made changes to their positions in SXI. Royal Bank of Canada grew its holdings in shares of Standex International by 110.7% during the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after buying an additional 308 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Standex International by 3.9% during 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 worth $6,474,000 after buying an additional 1,509 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after buying an additional 33,016 shares during the period. Hedge funds and other institutional investors 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.