Standex International Corporation (NYSE:SXI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Standex International a “Moderate Buy” consensus: four of five analysts rate the stock a buy, while one recommends holding it. The average 12-month price target is approximately $298.67.
• Standex reported quarterly EPS of $2.45, beating estimates of $2.35, while revenue reached $228.25 million and increased 2.8% year over year.
• The stock traded at $328.29, with 90.35% of shares held by institutional investors and hedge funds. Standex also declared a quarterly dividend of $0.34 per share, equivalent to a 0.4% annual yield.

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $298.6667.

Several research analysts have recently weighed in on SXI shares. Zacks Research upgraded shares of Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. DA Davidson set a $350.00 price objective on shares of Standex International in a report on Tuesday, August 4th. Finally, Weiss Ratings cut shares of Standex International from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new position in shares of Standex International during the first quarter worth about $29,000. Cornerstone Planning Group LLC lifted its stake in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. UMB Bank n.a. boosted its position 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 worth $28,000 after acquiring an additional 73 shares during the last quarter. Allworth Financial LP acquired a new position in Standex International during the 2nd quarter worth approximately $46,000. Finally, State of Wyoming bought a new position in shares of Standex International during the 2nd quarter worth approximately $46,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Trading Down 0.7%

NYSE SXI opened at $328.29 on Friday. Standex International has a one year low of $197.00 and a one year high of $363.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. The firm has a market cap of $3.98 billion, a P/E ratio of 37.86, a P/E/G ratio of 3.69 and a beta of 1.06. The stock's 50-day moving average is $314.29 and its 200-day moving average is $279.46.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $228.25 million during the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.Standex International's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 EPS. Sell-side analysts anticipate that Standex International will post 9.96 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International's dividend payout ratio (DPR) is currently 15.69%.

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.

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