Standex International Corporation (NYSE:SXI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts are broadly positive on Standex International, with four buy ratings and one hold, resulting in a “Moderate Buy” consensus and an average 12-month price target of $298.67.
• Standex exceeded quarterly expectations, reporting EPS of $2.45 versus the $2.35 consensus and revenue of $228.25 million, up 2.8% year over year.
• CEO David Dunbar sold 13,000 shares worth approximately $3.78 million under a pre-arranged Rule 10b5-1 plan; institutional investors continue to hold a dominant 90.35% stake in the company.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $298.6667.

A number of research firms have issued reports on SXI. Weiss Ratings raised Standex International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Zacks Research upgraded Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Finally, DA Davidson reissued a "buy" rating and issued a $350.00 target price on shares of Standex International in a report on Thursday, August 20th.

Insider Activity at Standex International

In other Standex International news, CEO David Dunbar sold 13,000 shares of Standex International stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total value of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares of the company's stock, valued at $22,094,467.86. This trade represents a 14.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 13,150 shares of company stock valued at $3,827,958. Company insiders own 2.52% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cedar Mountain Advisors LLC bought a new stake in Standex International during the first quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new stake in shares of Standex International in the 2nd quarter valued at approximately $42,000. UMB Bank n.a. lifted its stake in shares of Standex International by 132.7% in 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 during the last quarter. Allworth Financial LP purchased a new position in shares of Standex International in the 2nd quarter worth approximately $46,000. Finally, State of Wyoming purchased a new position in shares of Standex International in the 2nd quarter worth approximately $46,000. Institutional investors own 90.35% of the company's stock.

Standex International Stock Down 0.4%

SXI opened at $274.54 on Tuesday. The company has a market capitalization of $3.33 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.08 and a beta of 1.04. The firm has a 50-day simple moving average of $310.20 and a two-hundred day simple moving average of $285.36. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. Standex International has a 52 week low of $197.65 and a 52 week high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analysts' expectations of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The business's revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 earnings per share. Analysts forecast that Standex International will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International's dividend payout ratio (DPR) is 15.69%.

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.

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