Standex International Corporation (NYSE:SXI) Given Consensus Rating of “Moderate Buy” by Brokerages

Standex International Corporation (NYSE:SXI) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $298.6667.

Several analysts recently issued reports on SXI shares. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. DA Davidson set a $350.00 price target on Standex International in a research note on Tuesday, August 4th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd.

Standex International Trading Down 0.7%

Shares of NYSE:SXI opened at $328.29 on Friday. The company’s 50-day moving average price is $314.29 and its two-hundred day moving average price is $279.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. Standex International has a one year low of $197.00 and a one year high of $363.89. The stock has a market capitalization of $3.98 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 3.69 and a beta of 1.06.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. The company had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. On average, equities analysts forecast that Standex International will post 9.96 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, August 7th. Standex International’s dividend payout ratio is presently 15.69%.

Hedge Funds Weigh In On Standex International

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Standex International during the second quarter worth $640,120,000. Wasatch Advisors LP grew its position in shares of Standex International by 61.3% in the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after acquiring an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Standex International in the 2nd quarter valued at about $149,891,000. Bank of New York Mellon Corp acquired a new position in shares of Standex International during the 2nd quarter worth about $65,337,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after purchasing an additional 94,415 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.