Standex International (NYSE:SXI) Reaches New 1-Year High – Should You Buy?

Shares of Standex International Corporation (NYSE:SXI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $319.95 and last traded at $315.9040, with a volume of 5883 shares changing hands. The stock had previously closed at $315.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SXI shares. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. 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. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Up 0.5%

The firm has a 50-day moving average price of $275.56 and a two-hundred day moving average price of $256.87. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 4.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05.

Standex International (NYSE:SXI) last announced 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 net margin of 11.18% and a return on equity of 14.38%. The company had revenue of $224.59 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter in the prior year, the company earned $1.95 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.34 per share. 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 Trading of Standex International

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Corient Private Wealth LLC grew its stake in Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 50 shares during the period. Personal CFO Solutions LLC lifted its stake in shares of Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock worth $606,000 after purchasing an additional 54 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Standex International by 144.7% during 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 during the last quarter. UMB Bank n.a. boosted its holdings 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 worth $28,000 after purchasing an additional 73 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Standex International by 52.6% in the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.