Standex International (NYSE:SXI) Posts Quarterly Earnings Results

Key Points

• Standex International reported quarterly EPS of $2.45, topping analysts’ consensus estimate of $2.35. The company posted an 11.18% net margin and a 14.38% return on equity.
• Shares rose 4.6% to $287.19 following the results. The company also declared a quarterly dividend of $0.34 per share, representing a 0.5% annualized yield.
• Analysts maintain a generally positive outlook, with four Buy ratings and one Hold rating for an overall “Moderate Buy” consensus and an average price target of $289.67; institutional investors own 90.35% of the stock.

Standex International (NYSE:SXI - Get Free Report) issued its earnings results on Thursday. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10, Zacks reports. Standex International had a net margin of 11.18% and a return on equity of 14.38%.

Standex International Stock Up 4.6%

Shares of NYSE SXI traded up $12.73 during mid-day trading on Thursday, reaching $287.19. 168,924 shares of the company's stock were exchanged, compared to its average volume of 182,773. Standex International has a twelve month low of $163.29 and a twelve month high of $363.89. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.28 and a beta of 1.03. The business has a fifty day simple moving average of $304.00 and a 200 day simple moving average of $273.55.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. 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%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SXI. DA Davidson reaffirmed a "buy" rating and set a $323.00 price objective on shares of Standex International in a research note on Monday, May 4th. Zacks Research upgraded Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised Standex International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $289.67.

Institutional Trading of Standex International

Several hedge funds have recently bought and sold shares of SXI. Wasatch Advisors LP lifted its stake in 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 valued at $297,643,000 after buying an additional 520,506 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings 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 valued at $48,580,000 after buying an additional 94,415 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Standex International by 23.4% during 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 acquiring an additional 74,599 shares in the last quarter. Jane Street Group LLC increased its position in shares of Standex International by 317.4% during the fourth quarter. Jane Street Group LLC now owns 45,349 shares of the industrial products company's stock worth $9,853,000 after acquiring an additional 34,485 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Standex International by 23.6% during the third quarter. Raymond James Financial Inc. now owns 169,771 shares of the industrial products company's stock worth $35,975,000 after acquiring an additional 32,423 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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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