Standex International (NYSE:SXI) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Standex International (NYSE:SXI) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently commented on SXI. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Roth Mkm raised their price objective on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Barrington Research restated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Standex International has an average rating of “Moderate Buy” and a consensus price target of $289.67.

Standex International Stock Performance

NYSE SXI opened at $292.18 on Tuesday. The business’s 50-day moving average price is $264.87 and its 200 day moving average price is $251.25. Standex International has a twelve month low of $148.47 and a twelve month high of $295.89. The company has a market capitalization of $3.54 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.74 and a beta of 1.08. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share 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 business had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter last year, the company posted $1.95 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that Standex International will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

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

Institutional Investors Weigh In On Standex International

A number of hedge funds have recently bought and sold shares of SXI. Cornerstone Planning Group LLC grew its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. grew its stake in Standex International by 132.7% during the 4th 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 acquired a new stake in Standex International during the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new stake in Standex International during the 1st quarter valued at approximately $29,000. Finally, Simplex Trading LLC acquired a new stake in Standex International during the 4th quarter valued at approximately $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.