Standex International (NYSE:SXI) Reaches New 52-Week High – Here’s What Happened

Standex International Corporation (NYSE:SXI)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $263.98 and last traded at $261.40, with a volume of 40699 shares. The stock had previously closed at $254.24.

Analyst Ratings Changes

Several research analysts have weighed in on SXI shares. Barrington Research reaffirmed an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. DA Davidson boosted 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. Roth Mkm upped their price target on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $281.33.

Standex International Stock Performance

The stock has a 50-day moving average price of $237.57 and a 200 day moving average price of $222.32. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 57.98 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.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The company had revenue of $221.32 million for 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 company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. On average, analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.34 dividend. 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 is presently 30.49%.

Insider Activity

In related news, Director Andy L. Nemeth acquired 2,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average price of $245.00 per share, with a total value of $490,000.00. Following the completion of the acquisition, the director owned 8,639 shares in the company, valued at $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas E. Chorman sold 1,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction 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. The trade was a 7.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Standex International

A number of institutional investors and hedge funds have recently bought and sold shares of SXI. Advantage Alpha Capital Partners LP increased its position in Standex International by 27.1% during the second quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock worth $4,306,000 after buying an additional 5,863 shares during the period. 1ST Source Bank acquired a new position in shares of Standex International in the 2nd quarter valued at $411,000. Inspire Investing LLC raised its position in Standex International by 21.8% in the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 541 shares during the last quarter. Voya Investment Management LLC increased its stake in Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock valued at $34,994,000 after purchasing an additional 25,028 shares during the period. Finally, XTX Topco Ltd acquired a new position in Standex International in the 2nd quarter valued at about $857,000. 90.35% of the stock is 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.