Standex International Corporation (NYSE:SXI) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts rate Standex a "Hold" on average (from five firms: 1 sell, 1 hold, 3 buy) with a 12‑month consensus target price of $289.67.
• In the most recent quarter Standex reported EPS of $2.21, missing estimates by $0.01 while revenue rose 8.1% year‑over‑year, and analysts forecast about 8.66 EPS for the current year.
• Company insiders have sold 16,013 shares (≈$4.1M) in the last 90 days, including a large CEO sale, even as institutional investors hold a high 90.35% of the stock.

Standex International Corporation (NYSE:SXI - Get Free Report) has been assigned an average rating of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $289.6667.

A number of analysts have recently issued reports on SXI shares. Roth Mkm lifted their price objective on shares of Standex International from $260.00 to $286.00 and gave the company a "buy" rating in a research note on Tuesday, February 3rd. DA Davidson reiterated a "buy" rating and set a $323.00 price objective on shares of Standex International in a research note on Monday. Zacks Research lowered shares of Standex International from a "hold" rating to a "strong sell" rating in a research note on Monday. Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a research note on Sunday, February 1st. Finally, Barrington Research reiterated an "outperform" rating and set a $260.00 price objective on shares of Standex International in a research note on Monday, March 9th.

Standex International Trading Up 3.1%

Shares of SXI stock opened at $259.44 on Wednesday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.09. 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 has a fifty-two week low of $144.62 and a fifty-two week high of $284.71. The firm's 50 day moving average price is $261.67 and its two-hundred day moving average price is $247.19.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.62%. Standex International's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 EPS. On average, analysts anticipate that Standex International will post 8.66 EPS for the current year.

Standex International Dividend Announcement

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

Insider Activity

In related news, Director Thomas E. Chorman sold 513 shares of Standex International stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the sale, the director owned 12,666 shares in the company, valued at approximately $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David A. Dunbar sold 15,000 shares of Standex International stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the completion of the sale, the chief executive officer owned 88,973 shares of the company's stock, valued at approximately $22,771,749.62. This trade represents a 14.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,013 shares of company stock worth $4,102,367 over the last 90 days. Company insiders own 2.52% of the company's stock.

Institutional Trading of Standex International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP increased its stake in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after buying an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Standex International by 23.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company's stock worth $85,352,000 after buying an additional 74,599 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Standex International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company's stock worth $61,195,000 after buying an additional 798 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Standex International by 73.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company's stock worth $48,580,000 after buying an additional 94,415 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Standex International by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company's stock worth $43,992,000 after buying an additional 6,092 shares during the last quarter. Institutional investors 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.

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