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

Standex International Corporation (NYSE:SXI) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $289.6667.

SXI has been the subject of a number of analyst reports. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. DA Davidson restated a “buy” rating and issued a $323.00 price target on shares of Standex International in a research note on Monday, May 4th. Finally, Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday.

Standex International Stock Performance

SXI stock opened at $302.47 on Monday. Standex International has a 1 year low of $154.57 and a 1 year high of $363.89. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The stock’s fifty day moving average is $296.36 and its two-hundred day moving average is $269.43.

Standex International (NYSE:SXI) last released its quarterly 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). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.59 million for the quarter, compared to the consensus estimate of $225.16 million. During the same quarter in the prior year, the company posted $1.95 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, research analysts predict that Standex International will post 8.58 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s dividend payout ratio (DPR) is currently 16.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SXI. Cornerstone Planning Group LLC grew its stake in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International during the third quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in Standex International in the first quarter worth about $29,000. Finally, Simplex Trading LLC acquired a new stake in Standex International in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.